Post Utme Ims U 2025 Accounting Question 23

Practice objective / multiple choice question 23 from the 2025 Post Utme Ims U Accounting examination.

Post Utme Ims U 2025 Accounting Objective / Multiple Choice
Question 23 POST_UTME_IMS_U • 2025 • ACCOUNTING • objective

A company's balance sheet as at 31st December 2024 is as follows: Assets: Cash: ₦500,000 Debtors: ₦1,000,000 Stock: ₦800,000 Prepaid Rent: ₦200,000 Liabilities: Creditors: ₦1,200,000 Bank Loan: ₦800,000 What is the net worth of the company?

Answer Options

A. ₦1,000,000
B. ₦1,200,000
Correct Answer C. ₦1,400,000
D. ₦1,600,000
Correct Answer
C
Correct Option:
₦1,400,000

About This Question

This is Post Utme Ims U 2025 Accounting Question 23. It is one of the objective questions from the 2025 Post Utme Ims U Accounting examination.

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