Post Utme Delsu 2019 Accounting Question 17

Practice objective / multiple choice question 17 from the 2019 Post Utme Delsu Accounting examination.

Post Utme Delsu 2019 Accounting Objective / Multiple Choice
Question 17 POST_UTME_DELSU • 2019 • ACCOUNTING • objective

A company's balance sheet as at 31st December 2022 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

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

About This Question

This is Post Utme Delsu 2019 Accounting Question 17. It is one of the objective questions from the 2019 Post Utme Delsu Accounting examination.

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