Post Utme Wellspring University 2023 Accounting Question 20

Practice objective / multiple choice question 20 from the 2023 Post Utme Wellspring University Accounting examination.

Post Utme Wellspring University 2023 Accounting Objective / Multiple Choice
Question 20 POST_UTME_WELLSPRING_UNIVERSITY • 2023 • ACCOUNTING • objective

A company's balance sheet as at 31st December 2022 shows a total assets of ₦500,000 and a total liabilities of ₦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 2023 Accounting Question 20. It is one of the objective questions from the 2023 Post Utme Wellspring University Accounting examination.

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