Post Utme Elizade University 2021 Accounting Question 9

Practice objective / multiple choice question 9 from the 2021 Post Utme Elizade University Accounting examination.

Post Utme Elizade University 2021 Accounting Objective / Multiple Choice
Question 9 POST_UTME_ELIZADE_UNIVERSITY • 2021 • ACCOUNTING • objective

A company's profit and loss 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 liability of ₦800,000. What is the company's net worth as at 31st December 2021?

Answer Options

Correct Answer A. ₦1,700,000
B. ₦1,600,000
C. ₦1,300,000
D. ₦1,200,000
Correct Answer
A
Correct Option:
₦1,700,000

About This Question

This is Post Utme Elizade University 2021 Accounting Question 9. It is one of the objective questions from the 2021 Post Utme Elizade University Accounting examination.

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