Post Utme Igbinedion University 2022 Accounting Question 35

Practice objective / multiple choice question 35 from the 2022 Post Utme Igbinedion University Accounting examination.

Post Utme Igbinedion University 2022 Accounting Objective / Multiple Choice
Question 35 POST_UTME_IGBINEDION_UNIVERSITY • 2022 • ACCOUNTING • objective

A company has the following trial balance: Assets = ₦100,000, Liabilities = ₦50,000, and Equity = ₦30,000. What is the company's net worth?

Answer Options

A. ₦20,000
B. ₦30,000
Correct Answer C. ₦40,000
D. ₦50,000
Correct Answer
C
Correct Option:
₦40,000

About This Question

This is Post Utme Igbinedion University 2022 Accounting Question 35. 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