Post Utme Greenfield University 2022 Accounting Question 32

Practice objective / multiple choice question 32 from the 2022 Post Utme Greenfield University Accounting examination.

Post Utme Greenfield University 2022 Accounting Objective / Multiple Choice
Question 32 POST_UTME_GREENFIELD_UNIVERSITY • 2022 • ACCOUNTING • objective

A company's balance sheet as at 31st December 2022 shows a current liability of ₦1,500,000. The company's profit and loss account for the year ended 31st December 2022 shows a profit of ₦2,000,000. Calculate the company's net assets as at 31st December 2022.

Answer Options

Correct Answer A. ₦3,500,000
B. ₦3,000,000
C. ₦2,500,000
D. ₦2,000,000
Correct Answer
A
Correct Option:
₦3,500,000

About This Question

This is Post Utme Greenfield University 2022 Accounting Question 32. It is one of the objective questions from the 2022 Post Utme Greenfield University Accounting examination.

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