Post Utme Skyline University 2020 Accounting Question 34

Practice objective / multiple choice question 34 from the 2020 Post Utme Skyline University Accounting examination.

Post Utme Skyline University 2020 Accounting Objective / Multiple Choice
Question 34 POST_UTME_SKYLINE_UNIVERSITY • 2020 • ACCOUNTING • objective

A company uses the single-entry system of accounting. The company's assets, liabilities, and equity are ₦100,000, ₦50,000, and ₦30,000 respectively. Calculate the company's net worth.

Answer Options

A. ₦20,000
B. ₦30,000
C. ₦40,000
Correct Answer D. ₦50,000
Correct Answer
D
Correct Option:
₦50,000

About This Question

This is Post Utme Skyline University 2020 Accounting Question 34. It is one of the objective questions from the 2020 Post Utme Skyline University Accounting examination.

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