Post Utme Veritas University 2020 Accounting Question 38

Practice objective / multiple choice question 38 from the 2020 Post Utme Veritas University Accounting examination.

Post Utme Veritas University 2020 Accounting Objective / Multiple Choice
Question 38 POST_UTME_VERITAS_UNIVERSITY • 2020 • ACCOUNTING • objective

A company's balance sheet as at 31st December 2020 showed a non-current asset of ₦1,000,000. The company also had a non-current liability of ₦750,000. Calculate the company's net worth.

Answer Options

Correct Answer A. ₦250,000
B. ₦250,500
C. ₦250,750
D. ₦251,000
Correct Answer
A
Correct Option:
₦250,000

About This Question

This is Post Utme Veritas University 2020 Accounting Question 38. It is one of the objective questions from the 2020 Post Utme Veritas University Accounting examination.

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