Post Utme Unilorin 2021 Accounting Question 6

Practice objective / multiple choice question 6 from the 2021 Post Utme Unilorin Accounting examination.

Post Utme Unilorin 2021 Accounting Objective / Multiple Choice
Question 6 POST_UTME_UNILORIN • 2021 • ACCOUNTING • objective

A company's accounting records show that its total assets increased by ₦1,500,000 during the year, while its total liabilities increased by ₦800,000. Calculate the company's net worth at the end of the year.

Answer Options

A. ₦700,000
B. ₦1,300,000
Correct Answer C. ₦1,700,000
D. ₦2,300,000
Correct Answer
C
Correct Option:
₦1,700,000

About This Question

This is Post Utme Unilorin 2021 Accounting Question 6. It is one of the objective questions from the 2021 Post Utme Unilorin Accounting examination.

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