Post Utme Futo 2017 Accounting Question 46

Practice objective / multiple choice question 46 from the 2017 Post Utme Futo Accounting examination.

Post Utme Futo 2017 Accounting Objective / Multiple Choice
Question 46 POST_UTME_FUTO • 2017 • ACCOUNTING • objective

A company's trading account shows a profit of ₦100,000. The company's profit and loss account shows a profit of ₦120,000. The company's balance sheet shows a net worth of ₦150,000. What is the correct net worth of the company?

Answer Options

A. ₦120,000
B. ₦130,000
C. ₦140,000
Correct Answer D. ₦150,000
Correct Answer
D
Correct Option:
₦150,000

About This Question

This is Post Utme Futo 2017 Accounting Question 46. It is one of the objective questions from the 2017 Post Utme Futo 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