Post Utme Rhema University 2021 Accounting Question 23

Practice objective / multiple choice question 23 from the 2021 Post Utme Rhema University Accounting examination.

Post Utme Rhema University 2021 Accounting Objective / Multiple Choice
Question 23 POST_UTME_RHEMA_UNIVERSITY • 2021 • ACCOUNTING • objective

A company has the following balance sheet: Assets ₦100,000, Liabilities ₦50,000, and Equity ₦50,000. What is the company's net worth?

Answer Options

A. ₦0
Correct Answer B. ₦50,000
C. ₦100,000
D. ₦150,000
Correct Answer
B
Correct Option:
₦50,000

About This Question

This is Post Utme Rhema University 2021 Accounting Question 23. It is one of the objective questions from the 2021 Post Utme Rhema University Accounting examination.

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