Post Utme Achievers University 2018 Accounting Question 24

Practice objective / multiple choice question 24 from the 2018 Post Utme Achievers University Accounting examination.

Post Utme Achievers University 2018 Accounting Objective / Multiple Choice
Question 24 POST_UTME_ACHIEVERS_UNIVERSITY • 2018 • ACCOUNTING • objective

A company's trial balance shows the following balances: Accounts Payable ₦500,000, Sales Revenue ₦1,500,000, Cost of Goods Sold ₦800,000, and Net Income ₦200,000. What is the company's total assets?

Answer Options

A. ₦2,500,000
B. ₦3,000,000
C. ₦3,500,000
Correct Answer D. ₦4,000,000
Correct Answer
D
Correct Option:
₦4,000,000

About This Question

This is Post Utme Achievers University 2018 Accounting Question 24. It is one of the objective questions from the 2018 Post Utme Achievers University 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