Post Utme Covenant University 2024 Commerce Question 12
Practice objective / multiple choice question 12 from the 2024 Post Utme Covenant University Commerce examination.
A sole trader has the following assets and liabilities: Assets: ₦200,000 cash, ₦150,000 accounts receivable, ₦100,000 inventory. Liabilities: ₦50,000 accounts payable, ₦20,000 loan. What is the sole trader's net worth?
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About This Question
This is Post Utme Covenant University 2024 Commerce Question 12. It is one of the objective questions from the 2024 Post Utme Covenant University Commerce examination.
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