Post Utme Igbinedion University 2019 Accounting Question 17

Practice objective / multiple choice question 17 from the 2019 Post Utme Igbinedion University Accounting examination.

Post Utme Igbinedion University 2019 Accounting Objective / Multiple Choice
Question 17 POST_UTME_IGBINEDION_UNIVERSITY • 2019 • ACCOUNTING • objective

A company's balance sheet as at 31st December 2022 is as follows: Share Capital: ₦1,000,000; Retained Earnings: ₦500,000; Debtors: ₦200,000; Creditors: ₦150,000. Calculate the company's net worth.

Answer Options

Correct Answer A. ₦1,350,000
B. ₦1,400,000
C. ₦1,450,000
D. ₦1,500,000
Correct Answer
A
Correct Option:
₦1,350,000

About This Question

This is Post Utme Igbinedion University 2019 Accounting Question 17. It is one of the objective questions from the 2019 Post Utme Igbinedion University Accounting examination.

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