Post Utme Aaua 2018 Accounting Question 37

Practice objective / multiple choice question 37 from the 2018 Post Utme Aaua Accounting examination.

Post Utme Aaua 2018 Accounting Objective / Multiple Choice
Question 37 POST_UTME_AAUA • 2018 • ACCOUNTING • objective

A company's trial balance as at 31st December, 2022 is as follows: Debit ₦ 10,000 Cash ₦ 20,000 Office Equipment ₦ 30,000 Accounts Payable ₦ 40,000 Sales Revenue Credit ₦ 15,000 Accounts Receivable ₦ 25,000 Salaries Expense ₦ 35,000 Rent Expense ₦ 45,000 Cost of Goods Sold What is the total amount of assets and liabilities of the company?

Answer Options

A. ₦ 75,000
Correct Answer B. ₦ 85,000
C. ₦ 95,000
D. ₦ 105,000
Correct Answer
B
Correct Option:
₦ 85,000

About This Question

This is Post Utme Aaua 2018 Accounting Question 37. It is one of the objective questions from the 2018 Post Utme Aaua Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support