Post Utme Babcock University 2023 Accounting Question 40

Practice objective / multiple choice question 40 from the 2023 Post Utme Babcock University Accounting examination.

Post Utme Babcock University 2023 Accounting Objective / Multiple Choice
Question 40 POST_UTME_BABCOCK_UNIVERSITY • 2023 • ACCOUNTING • objective

A company's balance sheet as at 31 December 2022 is as follows: | Asset | ₦ | Liability | ₦ | | --- | --- | --- | --- | | Cash | 10,000 | Bank Loan | 20,000 | | Debtors | 30,000 | Share Capital | 50,000 | | Stock | 40,000 | Retained Earnings | 10,000 | | Prepaid Rent | 5,000 | | | | | | | | What is the total amount of the company's assets?

Answer Options

A. ₦95,000
B. ₦105,000
C. ₦115,000
Correct Answer D. ₦125,000
Correct Answer
D
Correct Option:
₦125,000

About This Question

This is Post Utme Babcock University 2023 Accounting Question 40. It is one of the objective questions from the 2023 Post Utme Babcock University Accounting examination.

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