Post Utme Aaua 2022 Accounting Question 10

Practice objective / multiple choice question 10 from the 2022 Post Utme Aaua Accounting examination.

Post Utme Aaua 2022 Accounting Objective / Multiple Choice
Question 10 POST_UTME_AAUA • 2022 • ACCOUNTING • objective

A company's balance sheet as at December 31, 2022, showed a current asset of ₦200,000 and a non-current asset of ₦500,000. The company's profit and loss account for the year ended December 31, 2022, showed a net profit of ₦300,000. Calculate the company's total assets as at December 31, 2022.

Answer Options

A. ₦700,000
B. ₦800,000
Correct Answer C. ₦900,000
D. ₦1,000,000
Correct Answer
C
Correct Option:
₦900,000

About This Question

This is Post Utme Aaua 2022 Accounting Question 10. It is one of the objective questions from the 2022 Post Utme Aaua Accounting examination.

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