Post Utme Rhema University 2025 Accounting Question 14

Practice objective / multiple choice question 14 from the 2025 Post Utme Rhema University Accounting examination.

Post Utme Rhema University 2025 Accounting Objective / Multiple Choice
Question 14 POST_UTME_RHEMA_UNIVERSITY • 2025 • ACCOUNTING • objective

A company's balance sheet as at 31st December 2024 is as follows: Share Capital: ₦500,000; Retained Earnings: ₦750,000; Debtors: ₦200,000; Creditors: ₦150,000. Calculate the company's net worth.

Answer Options

A. ₦1,200,000
Correct Answer B. ₦1,300,000
C. ₦1,400,000
D. ₦1,500,000
Correct Answer
B
Correct Option:
₦1,300,000

About This Question

This is Post Utme Rhema University 2025 Accounting Question 14. It is one of the objective questions from the 2025 Post Utme Rhema University Accounting examination.

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