Post Utme Mountain Top University 2019 Accounting Question 37
Practice objective / multiple choice question 37 from the 2019 Post Utme Mountain Top University Accounting examination.
A company's trading account for the year ended 31st December 2022 shows a profit of ₦1,500,000. The company's balance sheet as at 31st December 2022 shows a current liability of ₦800,000 and a non-current liability of ₦1,200,000. The company's equity as at 31st December 2022 is ₦2,500,000. What is the company's net worth as at 31st December 2022?
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About This Question
This is Post Utme Mountain Top University 2019 Accounting Question 37. It is one of the objective questions from the 2019 Post Utme Mountain Top University Accounting examination.
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