Post Utme Bowen University 2024 Accounting Question 37

Practice objective / multiple choice question 37 from the 2024 Post Utme Bowen University Accounting examination.

Post Utme Bowen University 2024 Accounting Objective / Multiple Choice
Question 37 POST_UTME_BOWEN_UNIVERSITY • 2024 • ACCOUNTING • objective

A company has a trial balance that shows the following balances: Accounts Payable ₦60,000, Accounts Receivable ₦40,000, and Common Stock ₦150,000. The company's assets are ₦250,000 and its liabilities are ₦200,000. Calculate the company's net worth.

Answer Options

A. ₦50,000
B. ₦75,000
Correct Answer C. ₦100,000
D. ₦125,000
Correct Answer
C
Correct Option:
₦100,000

About This Question

This is Post Utme Bowen University 2024 Accounting Question 37. It is one of the objective questions from the 2024 Post Utme Bowen University Accounting examination.

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