Post Utme Abu 2025 Accounting Question 16

Practice objective / multiple choice question 16 from the 2025 Post Utme Abu Accounting examination.

Post Utme Abu 2025 Accounting Objective / Multiple Choice
Question 16 POST_UTME_ABU • 2025 • ACCOUNTING • objective

A company uses the double entry system to record its transactions. The company's trial balance shows the following balances: Accounts Payable ₦100,000, Accounts Receivable ₦80,000, Common Stock ₦500,000, and Retained Earnings ₦200,000. What is the total amount of the company's assets?

Answer Options

A. ₦780,000
B. ₦680,000
Correct Answer C. ₦780,000
D. ₦680,000
Correct Answer
C
Correct Option:
₦780,000

About This Question

This is Post Utme Abu 2025 Accounting Question 16. It is one of the objective questions from the 2025 Post Utme Abu 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