Post Utme Bells University 2024 Accounting Question 15

Practice objective / multiple choice question 15 from the 2024 Post Utme Bells University Accounting examination.

Post Utme Bells University 2024 Accounting Objective / Multiple Choice
Question 15 POST_UTME_BELLS_UNIVERSITY • 2024 • ACCOUNTING • objective

A company's ledger has the following accounts: Cash, Accounts Payable, Accounts Receivable, and Common Stock. If the company's cash account has a debit balance of ₦50,000 and its accounts payable account has a credit balance of ₦30,000, what is the total amount of the company's assets?

Answer Options

Correct Answer A. ₦80,000
B. ₦70,000
C. ₦90,000
D. ₦60,000
Correct Answer
A
Correct Option:
₦80,000

About This Question

This is Post Utme Bells University 2024 Accounting Question 15. It is one of the objective questions from the 2024 Post Utme Bells University Accounting examination.

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