Post Utme Elizade University 2018 Accounting Question 25

Practice objective / multiple choice question 25 from the 2018 Post Utme Elizade University Accounting examination.

Post Utme Elizade University 2018 Accounting Objective / Multiple Choice
Question 25 POST_UTME_ELIZADE_UNIVERSITY • 2018 • ACCOUNTING • objective

A company's balance sheet as at 31st December 2022 is as follows: Share Capital: ₦500,000; Reserves: ₦300,000; Debtors: ₦200,000; Creditors: ₦100,000. Calculate the net worth of the company.

Answer Options

Correct Answer A. ₦700,000
B. ₦800,000
C. ₦900,000
D. ₦1,000,000
Correct Answer
A
Correct Option:
₦700,000

About This Question

This is Post Utme Elizade University 2018 Accounting Question 25. It is one of the objective questions from the 2018 Post Utme Elizade University Accounting examination.

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