Post Utme Bsu 2023 Accounting Question 5

Practice objective / multiple choice question 5 from the 2023 Post Utme Bsu Accounting examination.

Post Utme Bsu 2023 Accounting Objective / Multiple Choice
Question 5 POST_UTME_BSU • 2023 • ACCOUNTING • objective

A company's balance sheet as at 31st December 2022 is as follows: Assets: Cash: ₦50,000 Debtors: ₦100,000 Stock: ₦150,000 Prepaid Rent: ₦20,000 Total Assets: ₦320,000 Liabilities: Creditors: ₦120,000 Bank Overdraft: ₦50,000 Total Liabilities: ₦170,000 Calculate the company's net worth.

Answer Options

A. ₦150,000
B. ₦170,000
Correct Answer C. ₦190,000
D. ₦210,000
Correct Answer
C
Correct Option:
₦190,000

About This Question

This is Post Utme Bsu 2023 Accounting Question 5. It is one of the objective questions from the 2023 Post Utme Bsu Accounting examination.

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