Post Utme Futo 2017 Accounting Question 47

Practice objective / multiple choice question 47 from the 2017 Post Utme Futo Accounting examination.

Post Utme Futo 2017 Accounting Objective / Multiple Choice
Question 47 POST_UTME_FUTO • 2017 • ACCOUNTING • objective

A company's balance sheet shows a net worth of ₦100,000. The company's profit and loss account shows a profit of ₦80,000. The company's trading account shows a profit of ₦60,000. What is the correct net worth of the company?

Answer Options

A. ₦100,000
Correct Answer B. ₦120,000
C. ₦140,000
D. ₦160,000
Correct Answer
B
Correct Option:
₦120,000

About This Question

This is Post Utme Futo 2017 Accounting Question 47. It is one of the objective questions from the 2017 Post Utme Futo Accounting examination.

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