Post Utme Rhema University 2019 Accounting Question 15

Practice objective / multiple choice question 15 from the 2019 Post Utme Rhema University Accounting examination.

Post Utme Rhema University 2019 Accounting Objective / Multiple Choice
Question 15 POST_UTME_RHEMA_UNIVERSITY • 2019 • ACCOUNTING • objective

A company's balance sheet shows the following: | Assets | ₦1,000,000 | | Liabilities | ₦500,000 | | Share Capital | ₦300,000 | | Retained Earnings | ₦200,000 | What is the company's net worth?

Answer Options

A. ₦1,000,000
Correct Answer B. ₦1,100,000
C. ₦1,200,000
D. ₦1,300,000
Correct Answer
B
Correct Option:
₦1,100,000

About This Question

This is Post Utme Rhema University 2019 Accounting Question 15. It is one of the objective questions from the 2019 Post Utme Rhema University Accounting examination.

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