Post Utme Abu 2021 Accounting Question 19

Practice objective / multiple choice question 19 from the 2021 Post Utme Abu Accounting examination.

Post Utme Abu 2021 Accounting Objective / Multiple Choice
Question 19 POST_UTME_ABU • 2021 • ACCOUNTING • objective

A company's balance sheet as at December 31, 2021, shows a current ratio of 2:1. If the current assets are ₦1,000,000 and the current liabilities are ₦500,000, calculate the total assets.

Answer Options

Correct Answer A. ₦2,000,000
B. ₦1,500,000
C. ₦1,000,000
D. ₦750,000
Correct Answer
A
Correct Option:
₦2,000,000

About This Question

This is Post Utme Abu 2021 Accounting Question 19. It is one of the objective questions from the 2021 Post Utme Abu Accounting examination.

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