Post Utme Bells University 2021 Accounting Question 36

Practice objective / multiple choice question 36 from the 2021 Post Utme Bells University Accounting examination.

Post Utme Bells University 2021 Accounting Objective / Multiple Choice
Question 36 POST_UTME_BELLS_UNIVERSITY • 2021 • ACCOUNTING • objective

A company's accounting records show that it has two types of assets: current assets and non-current assets. The current assets include cash, accounts receivable, and inventory, while the non-current assets include property, plant, and equipment. The company's balance sheet shows that the total value of its assets is ₦1,500,000. If the total value of its current assets is ₦600,000, what is the total value of its non-current assets?

Answer Options

A. ₦900,000
Correct Answer B. ₦1,000,000
C. ₦1,200,000
D. ₦1,500,000
Correct Answer
B
Correct Option:
₦1,000,000

About This Question

This is Post Utme Bells University 2021 Accounting Question 36. It is one of the objective questions from the 2021 Post Utme Bells University Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support