Post Utme Bowen University 2025 Accounting Question 18

Practice objective / multiple choice question 18 from the 2025 Post Utme Bowen University Accounting examination.

Post Utme Bowen University 2025 Accounting Objective / Multiple Choice
Question 18 POST_UTME_BOWEN_UNIVERSITY • 2025 • ACCOUNTING • objective

A company's balance sheet as at 31st December 2024 shows the following: Share Capital ₦500,000, Retained Earnings ₦200,000, Accumulated Depreciation ₦100,000. If the company's profit for the year was ₦150,000, what is the company's net worth?

Answer Options

A. ₦750,000
B. ₦800,000
Correct Answer C. ₦850,000
D. ₦900,000
Correct Answer
C
Correct Option:
₦850,000

About This Question

This is Post Utme Bowen University 2025 Accounting Question 18. It is one of the objective questions from the 2025 Post Utme Bowen University Accounting examination.

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