Post Utme Eksu 2021 Accounting Question 34

Practice objective / multiple choice question 34 from the 2021 Post Utme Eksu Accounting examination.

Post Utme Eksu 2021 Accounting Objective / Multiple Choice
Question 34 POST_UTME_EKSU • 2021 • ACCOUNTING • objective

A company's trading account for the year ended 31st December 2021 shows a profit of ₦1,500,000. The company's balance sheet as at 31st December 2021 shows a current asset of ₦2,000,000 and a non-current asset of ₦3,000,000. The company's current liability is ₦1,500,000 and its non-current liability is ₦2,000,000. What is the company's net worth as at 31st December 2021?

Answer Options

A. ₦2,000,000
B. ₦3,000,000
Correct Answer C. ₦4,000,000
D. ₦5,000,000
Correct Answer
C
Correct Option:
₦4,000,000

About This Question

This is Post Utme Eksu 2021 Accounting Question 34. It is one of the objective questions from the 2021 Post Utme Eksu Accounting examination.

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