Post Utme Pan Atlantic University 2018 Accounting Question 38

Practice objective / multiple choice question 38 from the 2018 Post Utme Pan Atlantic University Accounting examination.

Post Utme Pan Atlantic University 2018 Accounting Objective / Multiple Choice
Question 38 POST_UTME_PAN-ATLANTIC_UNIVERSITY • 2018 • ACCOUNTING • objective

A company's trading account for the year ended 31st December 2018 shows a profit of ₦1,500,000. The company's balance sheet as at 31st December 2018 shows total assets of ₦5,000,000 and total liabilities of ₦2,000,000. What is the company's net worth?

Answer Options

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

About This Question

This is Post Utme Pan Atlantic University 2018 Accounting Question 38. It is one of the objective questions from the 2018 Post Utme Pan Atlantic University Accounting examination.

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