Post Utme Afe Babalola University 2023 Accounting Question 40

Practice objective / multiple choice question 40 from the 2023 Post Utme Afe Babalola University Accounting examination.

Post Utme Afe Babalola University 2023 Accounting Objective / Multiple Choice
Question 40 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2023 • ACCOUNTING • objective

A company's trading account shows a profit of ₦100,000. The company's balance sheet shows a current liability of ₦50,000 and a non-current liability of ₦200,000. What is the company's net worth?

Answer Options

A. ₦150,000
B. ₦200,000
Correct Answer C. ₦250,000
D. ₦300,000
Correct Answer
C
Correct Option:
₦250,000

About This Question

This is Post Utme Afe Babalola University 2023 Accounting Question 40. It is one of the objective questions from the 2023 Post Utme Afe Babalola University Accounting examination.

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