Post Utme Crawford University 2019 Accounting Question 15

Practice objective / multiple choice question 15 from the 2019 Post Utme Crawford University Accounting examination.

Post Utme Crawford University 2019 Accounting Objective / Multiple Choice
Question 15 POST_UTME_CRAWFORD_UNIVERSITY • 2019 • ACCOUNTING • objective

A company's trading account for the year ended December 31, 2022, shows a profit of ₦500,000. The company's profit and loss account shows a net profit of ₦600,000. What is the company's net worth at the end of the year?

Answer Options

A. ₦1,100,000
Correct Answer B. ₦1,200,000
C. ₦1,300,000
D. ₦1,400,000
Correct Answer
B
Correct Option:
₦1,200,000

About This Question

This is Post Utme Crawford University 2019 Accounting Question 15. It is one of the objective questions from the 2019 Post Utme Crawford University Accounting examination.

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