Post Utme Pan Atlantic University 2019 Accounting Question 30

Practice objective / multiple choice question 30 from the 2019 Post Utme Pan Atlantic University Accounting examination.

Post Utme Pan Atlantic University 2019 Accounting Objective / Multiple Choice
Question 30 POST_UTME_PAN-ATLANTIC_UNIVERSITY • 2019 • ACCOUNTING • objective

A company uses a double-entry system. The company's ledger shows a debit balance of ₦50,000 in the asset account and a credit balance of ₦20,000 in the liability account. The company's net worth is

Answer Options

A. ₦30,000
B. ₦40,000
Correct Answer C. ₦50,000
D. ₦60,000
Correct Answer
C
Correct Option:
₦50,000

About This Question

This is Post Utme Pan Atlantic University 2019 Accounting Question 30. It is one of the objective questions from the 2019 Post Utme Pan Atlantic University Accounting examination.

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