Post Utme Crawford University 2022 Accounting Question 24

Practice objective / multiple choice question 24 from the 2022 Post Utme Crawford University Accounting examination.

Post Utme Crawford University 2022 Accounting Objective / Multiple Choice
Question 24 POST_UTME_CRAWFORD_UNIVERSITY • 2022 • ACCOUNTING • objective

A company's trading account for the year ended December 31, 2022, shows a profit of ₦200,000. The company's balance sheet as at December 31, 2022, shows a current asset of ₦150,000 and a current liability of ₦50,000. What is the company's net worth?

Answer Options

Correct Answer A. ₦250,000
B. ₦200,000
C. ₦150,000
D. ₦100,000
Correct Answer
A
Correct Option:
₦250,000

About This Question

This is Post Utme Crawford University 2022 Accounting Question 24. It is one of the objective questions from the 2022 Post Utme Crawford University Accounting examination.

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