Post Utme Ims U 2018 Accounting Question 4

Practice objective / multiple choice question 4 from the 2018 Post Utme Ims U Accounting examination.

Post Utme Ims U 2018 Accounting Objective / Multiple Choice
Question 4 POST_UTME_IMS_U • 2018 • ACCOUNTING • objective

A company prepares its final accounts for the year ended 31st December 2022. The company's trading account shows a profit of ₦50,000. The company's profit and loss account shows a net profit of ₦60,000. What is the company's net worth at the end of the year?

Answer Options

A. ₦110,000
B. ₦120,000
Correct Answer C. ₦130,000
D. ₦140,000
Correct Answer
C
Correct Option:
₦130,000

About This Question

This is Post Utme Ims U 2018 Accounting Question 4. It is one of the objective questions from the 2018 Post Utme Ims U Accounting examination.

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