Post Utme Bowen University 2019 Accounting Question 29

Practice objective / multiple choice question 29 from the 2019 Post Utme Bowen University Accounting examination.

Post Utme Bowen University 2019 Accounting Objective / Multiple Choice
Question 29 POST_UTME_BOWEN_UNIVERSITY • 2019 • ACCOUNTING • objective

A company's financial statements show the following information: | Account | Balance | | --- | --- | | Cash | 1,000 | | Accounts Payable | 1,500 | | Sales Revenue | 10,000 | | Cost of Goods Sold | 8,000 | What is the total amount of assets and liabilities?

Answer Options

Correct Answer A. ₦11,500
B. ₦12,000
C. ₦11,000
D. ₦10,500
Correct Answer
A
Correct Option:
₦11,500

About This Question

This is Post Utme Bowen University 2019 Accounting Question 29. It is one of the objective questions from the 2019 Post Utme Bowen University Accounting examination.

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