Post Utme Crawford University 2020 Accounting Question 37

Practice objective / multiple choice question 37 from the 2020 Post Utme Crawford University Accounting examination.

Post Utme Crawford University 2020 Accounting Objective / Multiple Choice
Question 37 POST_UTME_CRAWFORD_UNIVERSITY • 2020 • ACCOUNTING • objective

A company's balance sheet as at 31st December 2020 is as follows: Assets: Cash ¦10,000 Debtors ¦20,000 Stock ¦30,000 Total Assets ¦60,000 Liabilities: Creditors ¦15,000 Capital ¦45,000 Total Liabilities ¦60,000 What is the company's net worth?

Answer Options

Correct Answer A. ¦30,000
B. ¦45,000
C. ¦60,000
D. ¦75,000
Correct Answer
A
Correct Option:
¦30,000

About This Question

This is Post Utme Crawford University 2020 Accounting Question 37. It is one of the objective questions from the 2020 Post Utme Crawford University Accounting examination.

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