Post Utme Futo 2021 Accounting Question 14

Practice objective / multiple choice question 14 from the 2021 Post Utme Futo Accounting examination.

Post Utme Futo 2021 Accounting Objective / Multiple Choice
Question 14 POST_UTME_FUTO • 2021 • ACCOUNTING • objective

A company maintains incomplete records. The company's accountant estimates the value of the company's assets and liabilities as follows: Assets ₦50,000, Liabilities ₦20,000. What is the company's net worth?

Answer Options

Correct Answer A. ₦30,000
B. ₦50,000
C. ₦20,000
D. ₦70,000
Correct Answer
A
Correct Option:
₦30,000

About This Question

This is Post Utme Futo 2021 Accounting Question 14. It is one of the objective questions from the 2021 Post Utme Futo Accounting examination.

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