Post Utme Unilag 2022 Accounting Question 22
Practice objective / multiple choice question 22 from the 2022 Post Utme Unilag Accounting examination.
A company uses the double-entry system of accounting. The company's ledger accounts show the following balances: Cash: ₦120,000, Accounts Payable: ₦150,000, Sales Revenue: ₦500,000, Cost of Goods Sold: ₦300,000, Net Income: ₦100,000. Determine the company's net worth as at 31st December 2022.
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About This Question
This is Post Utme Unilag 2022 Accounting Question 22. It is one of the objective questions from the 2022 Post Utme Unilag Accounting examination.
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