Post Utme Uniosun 2019 Accounting Question 4

Practice objective / multiple choice question 4 from the 2019 Post Utme Uniosun Accounting examination.

Post Utme Uniosun 2019 Accounting Objective / Multiple Choice
Question 4 POST_UTME_UNIOSUN • 2019 • ACCOUNTING • objective

A company's balance sheet as at 31st December 2019 is as follows: Assets: Cash: ₦500,000 Bank: ₦200,000 Liabilities: Share Capital: ₦1,000,000 Reserves: ₦300,000 What is the company's net worth?

Answer Options

Correct Answer A. ₦1,200,000
B. ₦1,300,000
C. ₦1,400,000
D. ₦1,500,000
Correct Answer
A
Correct Option:
₦1,200,000

About This Question

This is Post Utme Uniosun 2019 Accounting Question 4. It is one of the objective questions from the 2019 Post Utme Uniosun Accounting examination.

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