Post Utme Caleb University 2024 Accounting Question 20

Practice objective / multiple choice question 20 from the 2024 Post Utme Caleb University Accounting examination.

Post Utme Caleb University 2024 Accounting Objective / Multiple Choice
Question 20 POST_UTME_CALEB_UNIVERSITY • 2024 • ACCOUNTING • objective

A company's trading account for the year ended 31st December 2023 shows a profit of ₦1,500,000. The company's balance sheet as at 31st December 2023 shows a current asset of ₦800,000 and a non-current asset of ₦2,500,000. The company's non-current liability is ₦1,200,000. What is the company's net worth as at 31st December 2023?

Answer Options

A. ₦4,100,000
B. ₦4,300,000
C. ₦4,500,000
Correct Answer D. ₦5,000,000
Correct Answer
D
Correct Option:
₦5,000,000

About This Question

This is Post Utme Caleb University 2024 Accounting Question 20. It is one of the objective questions from the 2024 Post Utme Caleb University Accounting examination.

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