Post Utme Greenfield University 2025 Accounting Question 40

Practice objective / multiple choice question 40 from the 2025 Post Utme Greenfield University Accounting examination.

Post Utme Greenfield University 2025 Accounting Objective / Multiple Choice
Question 40 POST_UTME_GREENFIELD_UNIVERSITY • 2025 • ACCOUNTING • objective

A company's trading account for the year ended 31st December 2024 shows a profit of ₦1,500,000. The company's balance sheet as at 31st December 2024 shows a current asset of ₦2,500,000 and a non-current asset of ₦3,000,000. Calculate the company's net worth as at 31st December 2024.

Answer Options

A. ₦1,000,000
Correct Answer B. ₦1,500,000
C. ₦2,000,000
D. ₦2,500,000
Correct Answer
B
Correct Option:
₦1,500,000

About This Question

This is Post Utme Greenfield University 2025 Accounting Question 40. It is one of the objective questions from the 2025 Post Utme Greenfield University 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