Post Utme Igbinedion University 2017 Accounting Question 28

Practice objective / multiple choice question 28 from the 2017 Post Utme Igbinedion University Accounting examination.

Post Utme Igbinedion University 2017 Accounting Objective / Multiple Choice
Question 28 POST_UTME_IGBINEDION_UNIVERSITY • 2017 • ACCOUNTING • objective

A company's statement of profit or loss shows a net loss of ₦200,000. If the company's total assets are ₦1,500,000 and its total liabilities are ₦1,000,000, what is the company's net worth?

Answer Options

Correct Answer A. ₦1,300,000
B. ₦1,500,000
C. ₦1,700,000
D. ₦2,000,000
Correct Answer
A
Correct Option:
₦1,300,000

About This Question

This is Post Utme Igbinedion University 2017 Accounting Question 28. It is one of the objective questions from the 2017 Post Utme Igbinedion University Accounting examination.

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