Post Utme Greenfield University 2021 Accounting Question 10

Practice objective / multiple choice question 10 from the 2021 Post Utme Greenfield University Accounting examination.

Post Utme Greenfield University 2021 Accounting Objective / Multiple Choice
Question 10 POST_UTME_GREENFIELD_UNIVERSITY • 2021 • ACCOUNTING • objective

A company's balance sheet shows a 'Balance Sheet' with a total asset value of ₦500,000 and a total liability value of ₦300,000. What does this indicate?

Answer Options

A. The company has a surplus of cash.
B. The company has a deficit of cash.
Correct Answer C. The company has a net worth of ₦200,000.
D. The company has a net worth of ₦200,000.
Correct Answer
C
Correct Option:
The company has a net worth of ₦200,000.

About This Question

This is Post Utme Greenfield University 2021 Accounting Question 10. It is one of the objective questions from the 2021 Post Utme Greenfield University Accounting examination.

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