Post Utme Afe Babalola University 2018 Accounting Question 15

Practice objective / multiple choice question 15 from the 2018 Post Utme Afe Babalola University Accounting examination.

Post Utme Afe Babalola University 2018 Accounting Objective / Multiple Choice
Question 15 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2018 • ACCOUNTING • objective

A company's balance sheet as at 31st December 2022 shows a current asset of ₦2,500,000 and a current liability of ₦1,000,000. The company's net worth as at 31st December 2022 is ₦1,500,000. What is the company's total equity as at 31st December 2022?

Answer Options

A. ₦1,500,000
Correct Answer B. ₦2,500,000
C. ₦3,500,000
D. ₦4,500,000
Correct Answer
B
Correct Option:
₦2,500,000

About This Question

This is Post Utme Afe Babalola University 2018 Accounting Question 15. It is one of the objective questions from the 2018 Post Utme Afe Babalola University Accounting examination.

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