Post Utme Al Hikmah University 2017 Accounting Question 8

Practice objective / multiple choice question 8 from the 2017 Post Utme Al Hikmah University Accounting examination.

Post Utme Al Hikmah University 2017 Accounting Objective / Multiple Choice
Question 8 POST_UTME_AL-HIKMAH_UNIVERSITY • 2017 • ACCOUNTING • objective

A company's balance sheet as at December 31, 2022, is as follows: Equity: ₦5,000,000; Long-term Debt: ₦3,000,000; Current Liabilities: ₦2,500,000. What is the company's Total Assets?

Answer Options

A. ₦10,500,000
B. ₦11,000,000
Correct Answer C. ₦11,500,000
D. ₦12,000,000
Correct Answer
C
Correct Option:
₦11,500,000

About This Question

This is Post Utme Al Hikmah University 2017 Accounting Question 8. It is one of the objective questions from the 2017 Post Utme Al Hikmah University Accounting examination.

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