Post Utme Wellspring University 2020 Accounting Question 27

Practice objective / multiple choice question 27 from the 2020 Post Utme Wellspring University Accounting examination.

Post Utme Wellspring University 2020 Accounting Objective / Multiple Choice
Question 27 POST_UTME_WELLSPRING_UNIVERSITY • 2020 • ACCOUNTING • objective

The following is a partial balance sheet for XYZ Ltd. as at 31st December 2020: Equity: ₦500,000; Liabilities: ₦300,000. What is the company's net worth?

Answer Options

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

About This Question

This is Post Utme Wellspring University 2020 Accounting Question 27. It is one of the objective questions from the 2020 Post Utme Wellspring University Accounting examination.

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