Post Utme Mountain Top University 2019 Accounting Question 36

Practice objective / multiple choice question 36 from the 2019 Post Utme Mountain Top University Accounting examination.

Post Utme Mountain Top University 2019 Accounting Objective / Multiple Choice
Question 36 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2019 • ACCOUNTING • objective

A company's balance sheet as at 31st December 2022 shows a current asset of ₦1,200,000 and a non-current asset of ₦1,500,000. The company's current liability is ₦800,000 and the non-current liability is ₦1,200,000. What is the company's net worth as at 31st December 2022?

Answer Options

A. ₦1,000,000
B. ₦1,200,000
Correct Answer C. ₦1,500,000
D. ₦2,000,000
Correct Answer
C
Correct Option:
₦1,500,000

About This Question

This is Post Utme Mountain Top University 2019 Accounting Question 36. It is one of the objective questions from the 2019 Post Utme Mountain Top University Accounting examination.

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