Post Utme Igbinedion University 2024 Accounting Question 15

Practice objective / multiple choice question 15 from the 2024 Post Utme Igbinedion University Accounting examination.

Post Utme Igbinedion University 2024 Accounting Objective / Multiple Choice
Question 15 POST_UTME_IGBINEDION_UNIVERSITY • 2024 • ACCOUNTING • objective

A company uses the single-entry system of accounting. If the company's cash account shows a balance of ₦100,000 and the company's accounts payable account shows a balance of ₦50,000, what is the company's net worth?

Answer Options

A. ₦150,000
B. ₦200,000
Correct Answer C. ₦250,000
D. ₦300,000
Correct Answer
C
Correct Option:
₦250,000

About This Question

This is Post Utme Igbinedion University 2024 Accounting Question 15. It is one of the objective questions from the 2024 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