Post Utme Caleb University 2022 Accounting Question 38

Practice objective / multiple choice question 38 from the 2022 Post Utme Caleb University Accounting examination.

Post Utme Caleb University 2022 Accounting Objective / Multiple Choice
Question 38 POST_UTME_CALEB_UNIVERSITY • 2022 • ACCOUNTING • objective

A company has the following trial balance as of December 31, 2022: 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?

Answer Options

A. ₦250,000
B. ₦270,000
C. ₦290,000
D. ₦310,000
Correct Answer
N/A

About This Question

This is Post Utme Caleb University 2022 Accounting Question 38. It is one of the objective questions from the 2022 Post Utme Caleb University Accounting examination.

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