Post Utme Eksu 2018 Accounting Question 15

Practice objective / multiple choice question 15 from the 2018 Post Utme Eksu Accounting examination.

Post Utme Eksu 2018 Accounting Objective / Multiple Choice
Question 15 POST_UTME_EKSU • 2018 • ACCOUNTING • objective

A company's balance sheet as at 31st December 2022 is as follows: Assets: ₦1,500,000 (Cash) ₦800,000 (Debtors) ₦300,000 (Stock) ₦200,000 (Prepaid Rent) Liabilities: ₦1,000,000 (Creditors) ₦500,000 (Loans) What is the company's net worth?

Answer Options

A. ₦200,000
B. ₦300,000
C. ₦400,000
Correct Answer D. ₦500,000
Correct Answer
D
Correct Option:
₦500,000

About This Question

This is Post Utme Eksu 2018 Accounting Question 15. It is one of the objective questions from the 2018 Post Utme Eksu Accounting examination.

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