Post Utme Igbinedion University 2020 Accounting Question 23

Practice objective / multiple choice question 23 from the 2020 Post Utme Igbinedion University Accounting examination.

Post Utme Igbinedion University 2020 Accounting Objective / Multiple Choice
Question 23 POST_UTME_IGBINEDION_UNIVERSITY • 2020 • ACCOUNTING • objective

A company's trading account shows a profit of ₦20,000. The company's profit and loss account shows a net profit of ₦30,000. What is the company's net worth?

Answer Options

A. ₦50,000
B. ₦60,000
Correct Answer C. ₦70,000
D. ₦80,000
Correct Answer
C
Correct Option:
₦70,000

About This Question

This is Post Utme Igbinedion University 2020 Accounting Question 23. It is one of the objective questions from the 2020 Post Utme Igbinedion University Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support