Post Utme Noun 2020 Accounting Question 34

Practice objective / multiple choice question 34 from the 2020 Post Utme Noun Accounting examination.

Post Utme Noun 2020 Accounting Objective / Multiple Choice
Question 34 POST_UTME_NOUN • 2020 • ACCOUNTING • objective

A company's balance sheet as at 31st December 2020 is as follows: Assets: ₦100,000 Cash ₦50,000 Debtors ₦20,000 Creditors Liabilities: ₦80,000 Share Capital ₦20,000 Reserves What is the company's net worth?

Answer Options

A. ₦100,000
B. ₦120,000
Correct Answer C. ₦140,000
D. ₦160,000
Correct Answer
C
Correct Option:
₦140,000

About This Question

This is Post Utme Noun 2020 Accounting Question 34. It is one of the objective questions from the 2020 Post Utme Noun Accounting examination.

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