Post Utme Babcock University 2023 Accounting Question 5

Practice objective / multiple choice question 5 from the 2023 Post Utme Babcock University Accounting examination.

Post Utme Babcock University 2023 Accounting Objective / Multiple Choice
Question 5 POST_UTME_BABCOCK_UNIVERSITY • 2023 • ACCOUNTING • objective

A company's trial balance as at December 31, 2022, is as follows: ₦500,000 in cash, ₦200,000 in accounts receivable, ₦150,000 in inventory, ₦100,000 in prepaid rent, and ₦50,000 in equipment. What is the total amount of assets?

Answer Options

A. ₦1,000,000
B. ₦1,050,000
Correct Answer C. ₦1,100,000
D. ₦1,150,000
Correct Answer
C
Correct Option:
₦1,100,000

About This Question

This is Post Utme Babcock University 2023 Accounting Question 5. It is one of the objective questions from the 2023 Post Utme Babcock University Accounting examination.

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