Post Utme Babcock University 2020 Accounting Question 25

Practice objective / multiple choice question 25 from the 2020 Post Utme Babcock University Accounting examination.

Post Utme Babcock University 2020 Accounting Objective / Multiple Choice
Question 25 POST_UTME_BABCOCK_UNIVERSITY • 2020 • ACCOUNTING • objective

A company's balance sheet as at 31st December 2020 showed a total assets of ₦2,500,000. The company's liabilities as at 31st December 2020 showed a total of ₦1,500,000. Calculate the company's net worth.

Answer Options

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

About This Question

This is Post Utme Babcock University 2020 Accounting Question 25. It is one of the objective questions from the 2020 Post Utme Babcock University Accounting examination.

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