Post Utme Ims U 2022 Accounting Question 15

Practice objective / multiple choice question 15 from the 2022 Post Utme Ims U Accounting examination.

Post Utme Ims U 2022 Accounting Objective / Multiple Choice
Question 15 POST_UTME_IMS_U • 2022 • ACCOUNTING • objective

A company's trading account shows a profit of ₦500,000. The company's profit and loss account shows a net profit of ₦700,000. What is the company's net worth?

Answer Options

A. ₦1,200,000
B. ₦1,300,000
C. ₦1,400,000
Correct Answer D. ₦1,500,000
Correct Answer
D
Correct Option:
₦1,500,000

About This Question

This is Post Utme Ims U 2022 Accounting Question 15. It is one of the objective questions from the 2022 Post Utme Ims U Accounting examination.

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