Post Utme Covenant University 2022 Commerce Question 17
Practice objective / multiple choice question 17 from the 2022 Post Utme Covenant University Commerce examination.
A sole trader, Mr. Ade, has a business that sells electronics. He has the following assets and liabilities: Assets: ₦500,000 in cash, ₦200,000 in accounts receivable, and ₦300,000 in inventory. Liabilities: ₦100,000 in accounts payable. What is Mr. Ade's net worth?
Answer Options
About This Question
This is Post Utme Covenant University 2022 Commerce Question 17. It is one of the objective questions from the 2022 Post Utme Covenant University Commerce examination.
Master the Exam!
You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.