Post Utme Bells University 2022 Accounting Question 28

Practice objective / multiple choice question 28 from the 2022 Post Utme Bells University Accounting examination.

Post Utme Bells University 2022 Accounting Objective / Multiple Choice
Question 28 POST_UTME_BELLS_UNIVERSITY • 2022 • ACCOUNTING • objective

A company's balance sheet as at 31/12/2021 is as follows: | Assets | ₦ | Liabilities | ₦ | | --- | --- | --- | --- | | Cash | 10,000 | Debentures | 20,000 | | Bank | 30,000 | Share Capital | 50,000 | | Stock | 40,000 | Profit & Loss | 10,000 | Calculate the company's net worth.

Answer Options

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

About This Question

This is Post Utme Bells University 2022 Accounting Question 28. It is one of the objective questions from the 2022 Post Utme Bells University Accounting examination.

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