Post Utme Achievers University 2024 Accounting Question 13

Practice objective / multiple choice question 13 from the 2024 Post Utme Achievers University Accounting examination.

Post Utme Achievers University 2024 Accounting Objective / Multiple Choice
Question 13 POST_UTME_ACHIEVERS_UNIVERSITY • 2024 • ACCOUNTING • objective

A company's balance sheet as at 31st December 2023 is as follows: ₦1,500,000 (₦1,200,000) = ₦300,000. What is the meaning of the above equation?

Answer Options

Correct Answer A. The company has a net asset value of ₦300,000.
B. The company has a net liability of ₦300,000.
C. The company has a net worth of ₦300,000.
D. The company has a net asset value of ₦1,500,000.
Correct Answer
A
Correct Option:
The company has a net asset value of ₦300,000.

About This Question

This is Post Utme Achievers University 2024 Accounting Question 13. It is one of the objective questions from the 2024 Post Utme Achievers University Accounting examination.

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