Post Utme Caleb University 2022 Accounting Question 17

Practice objective / multiple choice question 17 from the 2022 Post Utme Caleb University Accounting examination.

Post Utme Caleb University 2022 Accounting Objective / Multiple Choice
Question 17 POST_UTME_CALEB_UNIVERSITY • 2022 • ACCOUNTING • objective

A company has the following ledger balances: Accounts Receivable 50,000, Accounts Payable 30,000, and Common Stock 100,000. What is the total amount of assets?

Answer Options

Correct Answer A. 80,000
B. 120,000
C. 180,000
D. 220,000
Correct Answer
A
Correct Option:
80,000

About This Question

This is Post Utme Caleb University 2022 Accounting Question 17. It is one of the objective questions from the 2022 Post Utme Caleb University Accounting examination.

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