Post Utme Oau 2020 Accounting Question 39

Practice objective / multiple choice question 39 from the 2020 Post Utme Oau Accounting examination.

Post Utme Oau 2020 Accounting Objective / Multiple Choice
Question 39 POST_UTME_OAU • 2020 • ACCOUNTING • objective

A company's balance sheet as at 31st December 2020 showed a current asset of ₦2,500,000 and a non-current asset of ₦3,000,000. The company's current liability was ₦1,000,000 and its non-current liability was ₦2,000,000. What is the company's net worth as at 31st December 2020?

Answer Options

A. ₦1,000,000
B. ₦2,000,000
C. ₦3,000,000
Correct Answer D. ₦4,000,000
Correct Answer
D
Correct Option:
₦4,000,000

About This Question

This is Post Utme Oau 2020 Accounting Question 39. It is one of the objective questions from the 2020 Post Utme Oau Accounting examination.

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