Post Utme Igbinedion University 2023 Accounting Question 17

Practice objective / multiple choice question 17 from the 2023 Post Utme Igbinedion University Accounting examination.

Post Utme Igbinedion University 2023 Accounting Objective / Multiple Choice
Question 17 POST_UTME_IGBINEDION_UNIVERSITY • 2023 • ACCOUNTING • objective

A company's balance sheet shows the following information: ₦1,000,000 in assets, ₦500,000 in liabilities, and ₦200,000 in equity. What is the company's net worth?

Answer Options

A. ₦200,000
Correct Answer B. ₦300,000
C. ₦400,000
D. ₦500,000
Correct Answer
B
Correct Option:
₦300,000

About This Question

This is Post Utme Igbinedion University 2023 Accounting Question 17. It is one of the objective questions from the 2023 Post Utme Igbinedion University Accounting examination.

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