Post Utme Igbinedion University 2022 Accounting Question 28

Practice objective / multiple choice question 28 from the 2022 Post Utme Igbinedion University Accounting examination.

Post Utme Igbinedion University 2022 Accounting Objective / Multiple Choice

Question 28 POST_UTME_IGBINEDION_UNIVERSITY • 2022 • ACCOUNTING • objective

A company's assets are valued at ₦500,000. However, the company's liabilities are ₦200,000. What is the correct formula to calculate the company's net worth?

Answer Options

Correct Answer A. Net Worth = Assets - Liabilities

B. Net Worth = Assets + Liabilities

C. Net Worth = Assets - Liabilities + Capital

D. Net Worth = Assets + Liabilities - Capital

Correct Answer

Correct Option:

Net Worth = Assets - Liabilities

About This Question

This is Post Utme Igbinedion University 2022 Accounting Question 28. It is one of the objective questions from the 2022 Post Utme Igbinedion University Accounting examination.

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