Post Utme Elizade University 2017 Accounting Question 3

Practice objective / multiple choice question 3 from the 2017 Post Utme Elizade University Accounting examination.

Post Utme Elizade University 2017 Accounting Objective / Multiple Choice
Question 3 POST_UTME_ELIZADE_UNIVERSITY • 2017 • ACCOUNTING • objective

A company's balance sheet as at 31st December 2022 shows a current asset of ₦500,000 and a non-current asset of ₦1,500,000. The company's current liability is ₦200,000 and its non-current liability is ₦800,000. What is the company's net worth?

Answer Options

Correct Answer A. ₦1,000,000
B. ₦1,200,000
C. ₦1,300,000
D. ₦1,400,000
Correct Answer
A
Correct Option:
₦1,000,000

About This Question

This is Post Utme Elizade University 2017 Accounting Question 3. It is one of the objective questions from the 2017 Post Utme Elizade University Accounting examination.

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