Post Utme Mountain Top University 2020 Accounting Question 20

Practice objective / multiple choice question 20 from the 2020 Post Utme Mountain Top University Accounting examination.

Post Utme Mountain Top University 2020 Accounting Objective / Multiple Choice
Question 20 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2020 • ACCOUNTING • objective

A company's trial balance as at 31st December 2020 is as follows: Debit: ₠ 1,50,000 ₠ 2,00,000 ₠ 1,20,000 ₠ 50,000 ₠ 30,000 ₠ 20,000 ₠ 10,000 ₠ 5,000 Total Debit: ₠ 5,75,000 Credit: ₠ 3,00,000 ₠ 1,50,000 ₠ 1,20,000 ₠ 50,000 ₠ 30,000 ₠ 20,000 ₠ 10,000 ₠ 5,000 Total Credit: ₠ 5,75,000 What is the company's net worth?

Answer Options

Correct Answer A. ₠ 5,75,000
B. ₠ 5,00,000
C. ₠ 6,00,000
D. ₠ 7,00,000
Correct Answer
A
Correct Option:
₠ 5,75,000

About This Question

This is Post Utme Mountain Top University 2020 Accounting Question 20. It is one of the objective questions from the 2020 Post Utme Mountain Top University Accounting examination.

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