Post Utme Lautech 2024 Accounting Question 23

Practice objective / multiple choice question 23 from the 2024 Post Utme Lautech Accounting examination.

Post Utme Lautech 2024 Accounting Objective / Multiple Choice
Question 23 POST_UTME_LAUTECH • 2024 • ACCOUNTING • objective

A company's balance sheet as at 31st December 2023 is as follows: Assets: Cash:₦ 10,000 Debtors:₦ 20,000 Stock:₦ 30,000 Creditors:₦ 15,000 Capital:₦ 50,000 Profit:₦ 20,000 Calculate the net worth of the company.

Answer Options

Correct Answer A. ₦ 75,000
B. ₦ 80,000
C. ₦ 85,000
D. ₦ 90,000
Correct Answer
A
Correct Option:
₦ 75,000

About This Question

This is Post Utme Lautech 2024 Accounting Question 23. It is one of the objective questions from the 2024 Post Utme Lautech Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support