Post Utme Noun 2020 Accounting Question 18

Practice objective / multiple choice question 18 from the 2020 Post Utme Noun Accounting examination.

Post Utme Noun 2020 Accounting Objective / Multiple Choice

Question 18 POST_UTME_NOUN • 2020 • ACCOUNTING • objective

A company's balance sheet shows a decrease in its non-current assets of ₦30,000 and an increase in its non-current liabilities of ₦20,000. What is the effect on the company's net worth?

A. Decrease in net worth of ₦10,000

B. Increase in net worth of ₦10,000

C. No change in net worth

D. Decrease in net worth of ₦10,000

Correct Answer

N/A

This is Post Utme Noun 2020 Accounting Question 18. It is one of the objective questions from the 2020 Post Utme Noun Accounting examination.

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows