Post Utme Ims U 2020 Accounting Question 15

Practice objective / multiple choice question 15 from the 2020 Post Utme Ims U Accounting examination.

Post Utme Ims U 2020 Accounting Objective / Multiple Choice
Question 15 POST_UTME_IMS_U • 2020 • ACCOUNTING • objective

A company's balance sheet showed the following balances: Assets ₦500,000, Liabilities ₦300,000, and Equity ₦200,000. What is the company's net worth?

Answer Options

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

About This Question

This is Post Utme Ims U 2020 Accounting Question 15. It is one of the objective questions from the 2020 Post Utme Ims U Accounting examination.

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