Post Utme Osustech 2021 Accounting Question 37

Practice objective / multiple choice question 37 from the 2021 Post Utme Osustech Accounting examination.

Post Utme Osustech 2021 Accounting Objective / Multiple Choice
Question 37 POST_UTME_OSUSTECH • 2021 • ACCOUNTING • objective

A company's balance sheet as at 31st December 2020 is as follows: Assets: ₦1,500,000 ₦1,200,000 ₦50,000 Liabilities: ₦1,000,000 ₦20,000 What is the company's net worth?

Answer Options

Correct Answer A. ₦200,000
B. ₦250,000
C. ₦300,000
D. ₦350,000
Correct Answer
A
Correct Option:
₦200,000

About This Question

This is Post Utme Osustech 2021 Accounting Question 37. It is one of the objective questions from the 2021 Post Utme Osustech Accounting examination.

Master the Exam!

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
Chat with Support