Post Utme Caleb University 2022 Accounting Question 33
Practice objective / multiple choice question 33 from the 2022 Post Utme Caleb University Accounting examination.
A company uses a single-entry system to record its transactions. The company's trial balance as of December 31, 2022, is as follows: Cash ₦100,000; Accounts Receivable ₦50,000; Inventory ₦80,000; Equipment ₦200,000; Accumulated Depreciation ₦20,000; Accounts Payable ₦30,000; Salaries Payable ₦10,000. What is the company's net worth as of December 31, 2022?
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About This Question
This is Post Utme Caleb University 2022 Accounting Question 33. It is one of the objective questions from the 2022 Post Utme Caleb University Accounting examination.
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