Post Utme Aaua 2017 Accounting Question 32

Practice objective / multiple choice question 32 from the 2017 Post Utme Aaua Accounting examination.

Post Utme Aaua 2017 Accounting Objective / Multiple Choice
Question 32 POST_UTME_AAUA • 2017 • ACCOUNTING • objective

A company's balance sheet shows the following: | Assets | ₦ | Liabilities | ₦ | | --- | --- | --- | --- | | Cash | 10,000 | Debentures | 20,000 | | Stock | 30,000 | Share Capital | 40,000 | | Debtors | 15,000 | Creditors | 10,000 | What is the total amount of the company's assets?

Answer Options

A. ₦55,000
B. ₦65,000
C. ₦75,000
Correct Answer D. ₦85,000
Correct Answer
D
Correct Option:
₦85,000

About This Question

This is Post Utme Aaua 2017 Accounting Question 32. It is one of the objective questions from the 2017 Post Utme Aaua Accounting examination.

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