Post Utme Abu 2024 Accounting Question 19

Practice objective / multiple choice question 19 from the 2024 Post Utme Abu Accounting examination.

Post Utme Abu 2024 Accounting Objective / Multiple Choice
Question 19 POST_UTME_ABU • 2024 • ACCOUNTING • objective

A company's balance sheet as at 31st December 2023 is as follows: Assets: ₦1,500,000; Liabilities: ₦1,000,000; Capital: ₦500,000. What is the company's net worth?

Answer Options

Correct Answer A. ₦500,000
B. ₦750,000
C. ₦1,000,000
D. ₦1,500,000
Correct Answer
A
Correct Option:
₦500,000

About This Question

This is Post Utme Abu 2024 Accounting Question 19. It is one of the objective questions from the 2024 Post Utme Abu Accounting examination.

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