Post Utme Igbinedion University 2020 Accounting Question 22

Practice objective / multiple choice question 22 from the 2020 Post Utme Igbinedion University Accounting examination.

Post Utme Igbinedion University 2020 Accounting Objective / Multiple Choice
Question 22 POST_UTME_IGBINEDION_UNIVERSITY • 2020 • ACCOUNTING • objective

A company uses the single entry system of accounting. The company's records show that the total assets at the end of the year are ₦100,000. The total liabilities are ₦50,000. What is the company's net worth?

Answer Options

A. ₦25,000
B. ₦50,000
Correct Answer C. ₦75,000
D. ₦100,000
Correct Answer
C
Correct Option:
₦75,000

About This Question

This is Post Utme Igbinedion University 2020 Accounting Question 22. It is one of the objective questions from the 2020 Post Utme Igbinedion University Accounting examination.

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