Post Utme Elizade University 2020 Accounting Question 35

Practice objective / multiple choice question 35 from the 2020 Post Utme Elizade University Accounting examination.

Post Utme Elizade University 2020 Accounting Objective / Multiple Choice
Question 35 POST_UTME_ELIZADE_UNIVERSITY • 2020 • ACCOUNTING • objective

A company's balance sheet as at 31st December 2020 is as follows: Share Capital: ₦500,000; Reserves: ₦300,000; Debentures: ₦200,000; Current Liabilities: ₦150,000. Calculate the net worth of the company.

Answer Options

Correct Answer A. ₦600,000
B. ₦650,000
C. ₦700,000
D. ₦750,000
Correct Answer
A
Correct Option:
₦600,000

About This Question

This is Post Utme Elizade University 2020 Accounting Question 35. It is one of the objective questions from the 2020 Post Utme Elizade University Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support