Post Utme Esut 2017 Accounting Question 38

Practice objective / multiple choice question 38 from the 2017 Post Utme Esut Accounting examination.

Post Utme Esut 2017 Accounting Objective / Multiple Choice
Question 38 POST_UTME_ESUT • 2017 • ACCOUNTING • objective

A company has the following trial balance: Assets ₦1,500,000, Liabilities ₦750,000, and Equity ₦750,000. What is the company's net worth?

Answer Options

A. ₦0
Correct Answer B. ₦750,000
C. ₦1,500,000
D. ₦2,250,000
Correct Answer
B
Correct Option:
₦750,000

About This Question

This is Post Utme Esut 2017 Accounting Question 38. It is one of the objective questions from the 2017 Post Utme Esut 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