Post Utme Uniben 2021 Accounting Question 28

Practice objective / multiple choice question 28 from the 2021 Post Utme Uniben Accounting examination.

Post Utme Uniben 2021 Accounting Objective / Multiple Choice
Question 28 POST_UTME_UNIBEN • 2021 • ACCOUNTING • objective

A company uses the single entry system to record its financial transactions. The company's assets are ₦200,000, liabilities are ₦100,000, and equity is ₦50,000. What is the company's net worth?

Answer Options

Correct Answer A. ₦150,000
B. ₦200,000
C. ₦250,000
D. ₦300,000
Correct Answer
A
Correct Option:
₦150,000

About This Question

This is Post Utme Uniben 2021 Accounting Question 28. It is one of the objective questions from the 2021 Post Utme Uniben Accounting examination.

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