Post Utme Unilorin 2019 Accounting Question 8

Practice objective / multiple choice question 8 from the 2019 Post Utme Unilorin Accounting examination.

Post Utme Unilorin 2019 Accounting Objective / Multiple Choice
Question 8 POST_UTME_UNILORIN • 2019 • ACCOUNTING • objective

A company's trading account for the year shows a profit of ₦1,200,000. The company's balance sheet shows a capital of ₦2,500,000 and a profit and loss account of ₦1,200,000. What is the company's net worth?

Answer Options

A. ₦3,700,000
B. ₦4,200,000
C. ₦4,700,000
Correct Answer D. ₦5,200,000
Correct Answer
D
Correct Option:
₦5,200,000

About This Question

This is Post Utme Unilorin 2019 Accounting Question 8. It is one of the objective questions from the 2019 Post Utme Unilorin Accounting examination.

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