Post Utme Babcock University 2022 Accounting Question 3

Practice objective / multiple choice question 3 from the 2022 Post Utme Babcock University Accounting examination.

Post Utme Babcock University 2022 Accounting Objective / Multiple Choice
Question 3 POST_UTME_BABCOCK_UNIVERSITY • 2022 • ACCOUNTING • objective

A company's balance sheet as at 31st December 2022 is as follows: Assets ₦ 100,000 Cash ₦ 50,000 Accounts Receivable ₦ 20,000 Office Equipment ₦ 30,000 Utilities Expense Liabilities ₦ 20,000 Accounts Payable ₦ 15,000 Salaries Expense What is the company's net worth?

Answer Options

A. ₦50,000
Correct Answer B. ₦60,000
C. ₦70,000
D. ₦80,000
Correct Answer
B
Correct Option:
₦60,000

About This Question

This is Post Utme Babcock University 2022 Accounting Question 3. It is one of the objective questions from the 2022 Post Utme Babcock University Accounting examination.

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