Post Utme Veritas University 2023 Accounting Question 40

Practice objective / multiple choice question 40 from the 2023 Post Utme Veritas University Accounting examination.

Post Utme Veritas University 2023 Accounting Objective / Multiple Choice
Question 40 POST_UTME_VERITAS_UNIVERSITY • 2023 • ACCOUNTING • objective

A company's balance sheet shows total assets of ₦700,000 and total liabilities of ₦500,000. What is the company's net worth?

Answer Options

A. ₦200,000
B. ₦250,000
Correct Answer C. ₦300,000
D. ₦350,000
Correct Answer
C
Correct Option:
₦300,000

About This Question

This is Post Utme Veritas University 2023 Accounting Question 40. It is one of the objective questions from the 2023 Post Utme Veritas University Accounting examination.

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