Post Utme Coal City University 2017 Accounting Question 31

Practice objective / multiple choice question 31 from the 2017 Post Utme Coal City University Accounting examination.

Post Utme Coal City University 2017 Accounting Objective / Multiple Choice
Question 31 POST_UTME_COAL_CITY_UNIVERSITY • 2017 • ACCOUNTING • objective

A company's balance sheet shows a current liability of ₦500,000 and a non-current liability of ₦1,000,000. If the company's total assets are ₦3,000,000, calculate the company's net worth.

Answer Options

Correct Answer A. ₦1,500,000
B. ₦1,000,000
C. ₦500,000
D. ₦0
Correct Answer
A
Correct Option:
₦1,500,000

About This Question

This is Post Utme Coal City University 2017 Accounting Question 31. It is one of the objective questions from the 2017 Post Utme Coal City University Accounting examination.

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