Post Utme Madonna University 2024 Accounting Question 2

Practice objective / multiple choice question 2 from the 2024 Post Utme Madonna University Accounting examination.

Post Utme Madonna University 2024 Accounting Objective / Multiple Choice
Question 2 POST_UTME_MADONNA_UNIVERSITY • 2024 • ACCOUNTING • objective

A company's balance sheet as at 31st December 2023 is as follows: Assets: ₦1,500,000 (Cash) ₦1,200,000 (Debtors) ₦800,000 (Stock) Liabilities: ₦1,000,000 (Creditors) What is the company's net worth as at 31st December 2023?

Answer Options

A. ₦500,000
B. ₦600,000
C. ₦700,000
Correct Answer D. ₦800,000
Correct Answer
D
Correct Option:
₦800,000

About This Question

This is Post Utme Madonna University 2024 Accounting Question 2. It is one of the objective questions from the 2024 Post Utme Madonna University Accounting examination.

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