Post Utme Covenant University 2018 Accounting Question 7

Practice objective / multiple choice question 7 from the 2018 Post Utme Covenant University Accounting examination.

Post Utme Covenant University 2018 Accounting Objective / Multiple Choice
Question 7 POST_UTME_COVENANT_UNIVERSITY • 2018 • ACCOUNTING • objective

A company's balance sheet shows a total assets of ₦500,000 and a total liabilities of ₦300,000. Calculate the company's net worth.

Answer Options

Correct Answer A. ₦200,000
B. ₦300,000
C. ₦400,000
D. ₦500,000
Correct Answer
A
Correct Option:
₦200,000

About This Question

This is Post Utme Covenant University 2018 Accounting Question 7. It is one of the objective questions from the 2018 Post Utme Covenant University Accounting examination.

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