Post Utme Crawford University 2021 Accounting Question 11

Practice objective / multiple choice question 11 from the 2021 Post Utme Crawford University Accounting examination.

Post Utme Crawford University 2021 Accounting Objective / Multiple Choice
Question 11 POST_UTME_CRAWFORD_UNIVERSITY • 2021 • ACCOUNTING • objective

A company's trading account for the year ended 31st December 2020, showed a profit of ₦1,500,000. The balance sheet as at 31st December 2020, showed a current assets of ₦3,500,000 and current liabilities of ₦2,500,000. Calculate the company's net worth as at 31st December 2020.

Answer Options

A. ₦1,000,000
Correct Answer B. ₦1,500,000
C. ₦2,000,000
D. ₦2,500,000
Correct Answer
B
Correct Option:
₦1,500,000

About This Question

This is Post Utme Crawford University 2021 Accounting Question 11. It is one of the objective questions from the 2021 Post Utme Crawford University Accounting examination.

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