Post Utme Lasu 2023 Accounting Question 35

Practice objective / multiple choice question 35 from the 2023 Post Utme Lasu Accounting examination.

Post Utme Lasu 2023 Accounting Objective / Multiple Choice
Question 35 POST_UTME_LASU • 2023 • ACCOUNTING • objective

A company's trading account for the year shows a profit of ₦500,000. The company's balance sheet shows a capital of ₦1,000,000 and a profit and loss account balance of ₦200,000. Calculate the company's net worth.

Answer Options

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

About This Question

This is Post Utme Lasu 2023 Accounting Question 35. It is one of the objective questions from the 2023 Post Utme Lasu Accounting examination.

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