Post Utme Igbinedion University 2017 Accounting Question 4

Practice objective / multiple choice question 4 from the 2017 Post Utme Igbinedion University Accounting examination.

Post Utme Igbinedion University 2017 Accounting Objective / Multiple Choice
Question 4 POST_UTME_IGBINEDION_UNIVERSITY • 2017 • ACCOUNTING • objective

A company has the following balance sheet as at 31st December, 2016: Assets: ₦50,000 cash ₦30,000 debtors ₦20,000 creditors ₦10,000 machinery Liabilities: ₦20,000 capital ₦10,000 drawings What is the net worth of the company?

Answer Options

A. ₦20,000
Correct Answer B. ₦30,000
C. ₦40,000
D. ₦50,000
Correct Answer
B
Correct Option:
₦30,000

About This Question

This is Post Utme Igbinedion University 2017 Accounting Question 4. It is one of the objective questions from the 2017 Post Utme Igbinedion University Accounting examination.

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