Post Utme Veritas University 2020 Accounting Question 15

Practice objective / multiple choice question 15 from the 2020 Post Utme Veritas University Accounting examination.

Post Utme Veritas University 2020 Accounting Objective / Multiple Choice
Question 15 POST_UTME_VERITAS_UNIVERSITY • 2020 • ACCOUNTING • objective

A company's ledger shows a balance of ₦500,000 in the asset account. If the company also has a liability of ₦200,000, what is the net worth of the company?

Answer Options

A. ₦300,000
Correct Answer B. ₦400,000
C. ₦500,000
D. ₦600,000
Correct Answer
B
Correct Option:
₦400,000

About This Question

This is Post Utme Veritas University 2020 Accounting Question 15. It is one of the objective questions from the 2020 Post Utme Veritas University Accounting examination.

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