Post Utme Osustech 2024 Accounting Question 23

Practice objective / multiple choice question 23 from the 2024 Post Utme Osustech Accounting examination.

Post Utme Osustech 2024 Accounting Objective / Multiple Choice
Question 23 POST_UTME_OSUSTECH • 2024 • ACCOUNTING • objective

A company's balance sheet as at 31st December 2023 is as follows: Assets: \begin{itemize} \item Cash: ₦50,000 \item Debtors: ₦100,000 \item Stock: ₦200,000 \item Plant and Machinery: ₦300,000 \end{itemize} Liabilities: \begin{itemize} \item Creditors: ₦150,000 \item Loan: ₦200,000 \end{itemize} Calculate the company's net worth.

Answer Options

A. ₦100,000
B. ₦150,000
C. ₦200,000
Correct Answer D. ₦250,000
Correct Answer
D
Correct Option:
₦250,000

About This Question

This is Post Utme Osustech 2024 Accounting Question 23. It is one of the objective questions from the 2024 Post Utme Osustech Accounting examination.

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