Post Utme Unilag 2021 Accounting Question 5

Practice objective / multiple choice question 5 from the 2021 Post Utme Unilag Accounting examination.

Post Utme Unilag 2021 Accounting Objective / Multiple Choice
Question 5 POST_UTME_UNILAG • 2021 • ACCOUNTING • objective

A company's balance sheet shows a total assets of ₠ 100,000 and total liabilities of ₠ 50,000. What is the company's net worth?

Answer Options

A. ₠ 50,000
Correct Answer B. ₠ 75,000
C. ₠ 100,000
D. ₠ 125,000
Correct Answer
B
Correct Option:
₠ 75,000

About This Question

This is Post Utme Unilag 2021 Accounting Question 5. It is one of the objective questions from the 2021 Post Utme Unilag Accounting examination.

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