Post Utme Covenant University 2021 Accounting Question 3

Practice objective / multiple choice question 3 from the 2021 Post Utme Covenant University Accounting examination.

Post Utme Covenant University 2021 Accounting Objective / Multiple Choice
Question 3 POST_UTME_COVENANT_UNIVERSITY • 2021 • ACCOUNTING • objective

A company's balance sheet as at 31st December 2020 is as follows: Equity: ₦1,000,000; Liabilities: ₦800,000. 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 2021 Accounting Question 3. It is one of the objective questions from the 2021 Post Utme Covenant University Accounting examination.

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