Post Utme Lasu 2018 Accounting Question 40

Practice objective / multiple choice question 40 from the 2018 Post Utme Lasu Accounting examination.

Post Utme Lasu 2018 Accounting Objective / Multiple Choice
Question 40 POST_UTME_LASU • 2018 • ACCOUNTING • objective

A company's double entry system showed the following: Debit ₦0,800,000, Credit ₦0,500,000, Balance ₦0,700,000. 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 40. It is one of the objective questions from the 2018 Post Utme Lasu Accounting examination.

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