Post Utme Christopher University 2021 Accounting Question 7

Practice objective / multiple choice question 7 from the 2021 Post Utme Christopher University Accounting examination.

Post Utme Christopher University 2021 Accounting Objective / Multiple Choice
Question 7 POST_UTME_CHRISTOPHER_UNIVERSITY • 2021 • ACCOUNTING • objective

A company's balance sheet as at 31st December 2020 shows the following: Equity Share Capital ₦1,000,000, Retained Earnings ₦500,000, and Accumulated Depreciation ₦200,000. Calculate the company's net worth.

Answer Options

Correct Answer A. ₦1,300,000
B. ₦1,500,000
C. ₦1,700,000
D. ₦2,000,000
Correct Answer
A
Correct Option:
₦1,300,000

About This Question

This is Post Utme Christopher University 2021 Accounting Question 7. It is one of the objective questions from the 2021 Post Utme Christopher University Accounting examination.

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