Post Utme Noun 2017 Accounting Question 40
Practice objective / multiple choice question 40 from the 2017 Post Utme Noun 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 asset of ₦2,000,000 and a non-current asset of ₦3,500,000. The company's current liability is ₦1,200,000 and its non-current liability is ₦2,000,000. Calculate the company's net worth as at 31st December 2022.
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About This Question
This is Post Utme Noun 2017 Accounting Question 40. It is one of the objective questions from the 2017 Post Utme Noun Accounting examination.
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