Post Utme Babcock University 2017 Accounting Question 33

Practice objective / multiple choice question 33 from the 2017 Post Utme Babcock University Accounting examination.

Post Utme Babcock University 2017 Accounting Objective / Multiple Choice
Question 33 POST_UTME_BABCOCK_UNIVERSITY • 2017 • ACCOUNTING • objective

A company has a capital of ₦1,000,000 and a profit of ₦200,000. The company's accountant has made an error in the financial statements, resulting in an overstatement of assets by ₦50,000. What is the correct net worth of the company?

Answer Options

A. ₦1,150,000
B. ₦1,200,000
Correct Answer C. ₦1,250,000
D. ₦1,300,000
Correct Answer
C
Correct Option:
₦1,250,000

About This Question

This is Post Utme Babcock University 2017 Accounting Question 33. It is one of the objective questions from the 2017 Post Utme Babcock University Accounting examination.

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