Post Utme Noun 2020 Accounting Question 14

Practice objective / multiple choice question 14 from the 2020 Post Utme Noun Accounting examination.

Post Utme Noun 2020 Accounting Objective / Multiple Choice
Question 14 POST_UTME_NOUN • 2020 • ACCOUNTING • objective

A company's balance sheet shows a decrease in its non-current assets of ₦20,000 and an increase in its non-current liabilities of ₦15,000. What is the effect on the company's net worth?

Answer Options

A. Increase in net worth of ₦5,000
Correct Answer B. Decrease in net worth of ₦5,000
C. No change in net worth
D. Increase in net worth of ₦5,000
Correct Answer
B
Correct Option:
Decrease in net worth of ₦5,000

About This Question

This is Post Utme Noun 2020 Accounting Question 14. It is one of the objective questions from the 2020 Post Utme Noun Accounting examination.

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