Post Utme Bells University 2020 Accounting Question 31

Practice objective / multiple choice question 31 from the 2020 Post Utme Bells University Accounting examination.

Post Utme Bells University 2020 Accounting Objective / Multiple Choice
Question 31 POST_UTME_BELLS_UNIVERSITY • 2020 • ACCOUNTING • objective

A company's balance sheet as at 31st December 2020 showed current assets of ₦1,500,000 and non-current assets of ₦3,000,000. The company's current liabilities were ₦1,000,000 and non-current liabilities were ₦2,000,000. Calculate the company's net worth.

Answer Options

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

About This Question

This is Post Utme Bells University 2020 Accounting Question 31. It is one of the objective questions from the 2020 Post Utme Bells University Accounting examination.

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