Post Utme Greenfield University 2025 Accounting Question 42

Practice objective / multiple choice question 42 from the 2025 Post Utme Greenfield University Accounting examination.

Post Utme Greenfield University 2025 Accounting Objective / Multiple Choice
Question 42 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 42. It is one of the objective questions from the 2025 Post Utme Greenfield University Accounting examination.

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