Post Utme Caleb University 2022 Accounting Question 37

Practice objective / multiple choice question 37 from the 2022 Post Utme Caleb University Accounting examination.

Post Utme Caleb University 2022 Accounting Objective / Multiple Choice
Question 37 POST_UTME_CALEB_UNIVERSITY • 2022 • ACCOUNTING • objective

A company uses a self-balancing ledger to record its transactions. The ledger has the following accounts: Cash, Accounts Receivable, Inventory, Equipment, Accumulated Depreciation, Accounts Payable, Salaries Payable. What is the company's net worth as of December 31, 2022?

Answer Options

A. ₦250,000
Correct Answer B. ₦270,000
C. ₦290,000
D. ₦310,000
Correct Answer
B
Correct Option:
₦270,000

About This Question

This is Post Utme Caleb University 2022 Accounting Question 37. It is one of the objective questions from the 2022 Post Utme Caleb University Accounting examination.

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