Post Utme Afe Babalola University 2025 Accounting Question 14

Practice objective / multiple choice question 14 from the 2025 Post Utme Afe Babalola University Accounting examination.

Post Utme Afe Babalola University 2025 Accounting Objective / Multiple Choice
Question 14 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2025 • ACCOUNTING • objective

A company prepares its balance sheet as of December 31st. The balance sheet shows the following balances: Accounts Payable ₦150,000, Accounts Receivable ₦200,000, Common Stock ₦500,000, Dividends ₦20,000, Retained Earnings ₦300,000, Sales Revenue ₦1,200,000, and Wages Expense ₦100,000. What is the total assets of the company?

Answer Options

A. ₦1,500,000
B. ₦1,600,000
Correct Answer C. ₦1,700,000
D. ₦1,800,000
Correct Answer
C
Correct Option:
₦1,700,000

About This Question

This is Post Utme Afe Babalola University 2025 Accounting Question 14. It is one of the objective questions from the 2025 Post Utme Afe Babalola University Accounting examination.

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