Post Utme Igbinedion University 2024 Accounting Question 30

Practice objective / multiple choice question 30 from the 2024 Post Utme Igbinedion University Accounting examination.

Post Utme Igbinedion University 2024 Accounting Objective / Multiple Choice
Question 30 POST_UTME_IGBINEDION_UNIVERSITY • 2024 • ACCOUNTING • objective

A company's balance sheet as at December 31, 2023, shows the following: Fixed assets: ₦500,000 Current assets: ₦300,000 Total assets: ₦800,000 Capital and reserves: ₦400,000 Long-term liabilities: ₦200,000 Short-term liabilities: ₦100,000 Total liabilities: ₦300,000 What is the net worth of the company?

Answer Options

A. ₦200,000
B. ₦250,000
Correct Answer C. ₦300,000
D. ₦350,000
Correct Answer
C
Correct Option:
₦300,000

About This Question

This is Post Utme Igbinedion University 2024 Accounting Question 30. It is one of the objective questions from the 2024 Post Utme Igbinedion University Accounting examination.

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