Post Utme Lead City University 2022 Accounting Question 38

Practice objective / multiple choice question 38 from the 2022 Post Utme Lead City University Accounting examination.

Post Utme Lead City University 2022 Accounting Objective / Multiple Choice
Question 38 POST_UTME_LEAD_CITY_UNIVERSITY • 2022 • ACCOUNTING • objective

A company uses the incomplete records system of accounting. If the company's assets are ₦100,000, its liabilities are ₦50,000, and its capital is ₦30,000, what is the company's net worth?

Answer Options

A. ₦0
B. ₦10,000
C. ₦20,000
Correct Answer D. ₦30,000
Correct Answer
D
Correct Option:
₦30,000

About This Question

This is Post Utme Lead City University 2022 Accounting Question 38. It is one of the objective questions from the 2022 Post Utme Lead City University Accounting examination.

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