Post Utme Rhema University 2022 Accounting Question 19

Practice objective / multiple choice question 19 from the 2022 Post Utme Rhema University Accounting examination.

Post Utme Rhema University 2022 Accounting Objective / Multiple Choice
Question 19 POST_UTME_RHEMA_UNIVERSITY • 2022 • ACCOUNTING • objective

A company's trading account shows a profit of ₦200,000. The company's profit and loss account shows a net profit of ₦250,000. The company's balance sheet shows a total assets of ₦1,500,000 and total liabilities of ₦800,000. What is the company's net worth?

Answer Options

A. ₦700,000
B. ₦800,000
Correct Answer C. ₦900,000
D. ₦1,000,000
Correct Answer
C
Correct Option:
₦900,000

About This Question

This is Post Utme Rhema University 2022 Accounting Question 19. It is one of the objective questions from the 2022 Post Utme Rhema University Accounting examination.

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