Post Utme Noun 2024 Accounting Question 34

Practice objective / multiple choice question 34 from the 2024 Post Utme Noun Accounting examination.

Post Utme Noun 2024 Accounting Objective / Multiple Choice
Question 34 POST_UTME_NOUN • 2024 • ACCOUNTING • objective

A company's balance sheet as at December 31, 2023, showed a total equity of ₦5,000,000. The company's profit and loss account for the year ended December 31, 2023, showed a net loss of ₦500,000. Calculate the company's net worth as at December 31, 2024.

Answer Options

Correct Answer A. ₦4,500,000
B. ₦4,000,000
C. ₦3,500,000
D. ₦3,000,000
Correct Answer
A
Correct Option:
₦4,500,000

About This Question

This is Post Utme Noun 2024 Accounting Question 34. It is one of the objective questions from the 2024 Post Utme Noun Accounting examination.

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