Post Utme Bells University 2017 Accounting Question 29

Practice objective / multiple choice question 29 from the 2017 Post Utme Bells University Accounting examination.

Post Utme Bells University 2017 Accounting Objective / Multiple Choice
Question 29 POST_UTME_BELLS_UNIVERSITY • 2017 • ACCOUNTING • objective

A company uses the self-balancing ledger system to value its accounts. The following data is available for the year ended December 31, 2022: Cash: ₦1,500,000; Accounts payable: ₦800,000; Accounts receivable: ₦600,000. What is the total assets for the year?

Answer Options

Correct Answer A. ₦3,000,000
B. ₦3,100,000
C. ₦3,200,000
D. ₦3,300,000
Correct Answer
A
Correct Option:
₦3,000,000

About This Question

This is Post Utme Bells University 2017 Accounting Question 29. It is one of the objective questions from the 2017 Post Utme Bells University Accounting examination.

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