Post Utme Achievers University 2018 Accounting Question 13

Practice objective / multiple choice question 13 from the 2018 Post Utme Achievers University Accounting examination.

Post Utme Achievers University 2018 Accounting Objective / Multiple Choice
Question 13 POST_UTME_ACHIEVERS_UNIVERSITY • 2018 • ACCOUNTING • objective

A company uses the double-entry system of accounting. The company's ledger shows the following balances: - Cash: ₦20,000 - Accounts Payable: ₦15,000 - Sales Revenue: ₦30,000 What is the total amount of assets owned by the company?

Answer Options

Correct Answer A. ₦35,000
B. ₦40,000
C. ₦45,000
D. ₦50,000
Correct Answer
A
Correct Option:
₦35,000

About This Question

This is Post Utme Achievers University 2018 Accounting Question 13. It is one of the objective questions from the 2018 Post Utme Achievers University Accounting examination.

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