Post Utme Lautech 2017 Accounting Question 18

Practice objective / multiple choice question 18 from the 2017 Post Utme Lautech Accounting examination.

Post Utme Lautech 2017 Accounting Objective / Multiple Choice
Question 18 POST_UTME_LAUTECH • 2017 • ACCOUNTING • objective

A company's balance sheet shows the following accounts: Assets ₦1,000,000, Liabilities ₦500,000, and Equity ₦500,000. What is the correct amount of Net Worth?

Answer Options

A. ₦500,000
Correct Answer B. ₦750,000
C. ₦1,000,000
D. ₦1,500,000
Correct Answer
B
Correct Option:
₦750,000

About This Question

This is Post Utme Lautech 2017 Accounting Question 18. It is one of the objective questions from the 2017 Post Utme Lautech Accounting examination.

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