Post Utme Joseph Ayo Babalola University 2018 Accounting Question 14

Practice objective / multiple choice question 14 from the 2018 Post Utme Joseph Ayo Babalola University Accounting examination.

Post Utme Joseph Ayo Babalola University 2018 Accounting Objective / Multiple Choice
Question 14 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2018 • ACCOUNTING • objective

A company's trial balance as at 31st December 2022 is as follows: Debit: ₦50,000 cash ₦30,000 debtors ₦20,000 creditors ₦10,000 capital Credit: ₦20,000 share capital ₦10,000 loan What is the company's net worth?

Answer Options

A. ₦30,000
B. ₦40,000
Correct Answer C. ₦50,000
D. ₦60,000
Correct Answer
C
Correct Option:
₦50,000

About This Question

This is Post Utme Joseph Ayo Babalola University 2018 Accounting Question 14. It is one of the objective questions from the 2018 Post Utme Joseph Ayo Babalola University Accounting examination.

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