Post Utme Lasu 2018 Accounting Question 38

Practice objective / multiple choice question 38 from the 2018 Post Utme Lasu Accounting examination.

Post Utme Lasu 2018 Accounting Objective / Multiple Choice
Question 38 POST_UTME_LASU • 2018 • ACCOUNTING • objective

A company's balance sheet as at December 31, 2022, showed the following: Current Assets ₦1,200,000, Non-Current Assets ₦1,500,000, Current Liabilities ₦0,800,000, Non-Current Liabilities ₦0,500,000. What is the company's net worth?

Answer Options

A. ₦1,000,000
Correct Answer B. ₦1,200,000
C. ₦1,500,000
D. ₦2,000,000
Correct Answer
B
Correct Option:
₦1,200,000

About This Question

This is Post Utme Lasu 2018 Accounting Question 38. It is one of the objective questions from the 2018 Post Utme Lasu Accounting examination.

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