Post Utme Covenant University 2021 Accounting Question 29

Practice objective / multiple choice question 29 from the 2021 Post Utme Covenant University Accounting examination.

Post Utme Covenant University 2021 Accounting Objective / Multiple Choice
Question 29 POST_UTME_COVENANT_UNIVERSITY • 2021 • ACCOUNTING • objective

A company has the following trial balance: Assets ₦1,000,000, Liabilities ₦500,000, and Equity ₦500,000. What is the company's net worth?

Answer Options

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

About This Question

This is Post Utme Covenant University 2021 Accounting Question 29. It is one of the objective questions from the 2021 Post Utme Covenant University Accounting examination.

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