Post Utme Igbinedion University 2022 Accounting Question 33

Practice objective / multiple choice question 33 from the 2022 Post Utme Igbinedion University Accounting examination.

Post Utme Igbinedion University 2022 Accounting Objective / Multiple Choice
Question 33 POST_UTME_IGBINEDION_UNIVERSITY • 2022 • ACCOUNTING • objective

A manufacturing company has the following data: Cost of goods sold = ₦100,000, Gross profit = ₦20,000, and Net profit = ₦15,000. What is the value of the company's net worth?

Answer Options

A. ₦115,000
B. ₦120,000
Correct Answer C. ₦125,000
D. ₦130,000
Correct Answer
C
Correct Option:
₦125,000

About This Question

This is Post Utme Igbinedion University 2022 Accounting Question 33. It is one of the objective questions from the 2022 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