Post Utme Unilag 2020 Accounting Question 10

Practice objective / multiple choice question 10 from the 2020 Post Utme Unilag Accounting examination.

Post Utme Unilag 2020 Accounting Objective / Multiple Choice
Question 10 POST_UTME_UNILAG • 2020 • ACCOUNTING • objective

A company's profit and loss account shows a net loss of ₦50,000. The company's balance sheet shows a total assets of ₦400,000 and total liabilities of ₦300,000. What is the company's net worth?

Answer Options

A. ₦100,000
B. ₦200,000
Correct Answer C. ₦300,000
D. ₦400,000
Correct Answer
C
Correct Option:
₦300,000

About This Question

This is Post Utme Unilag 2020 Accounting Question 10. It is one of the objective questions from the 2020 Post Utme Unilag Accounting examination.

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