Post Utme Christopher University 2019 Accounting Question 9

Practice objective / multiple choice question 9 from the 2019 Post Utme Christopher University Accounting examination.

Post Utme Christopher University 2019 Accounting Objective / Multiple Choice
Question 9 POST_UTME_CHRISTOPHER_UNIVERSITY • 2019 • ACCOUNTING • objective

A company has the following transactions for the month of January: Jan 1: Cash ₦100,000 Jan 5: Accounts Payable ₦50,000 Jan 10: Equipment ₦200,000 Jan 15: Accounts Receivable ₦150,000 Jan 20: Salaries Payable ₦30,000 Jan 25: Common Stock ₦250,000 What is the total amount of assets and liabilities of the company at the end of January?

Answer Options

A. ₦1,200,000
B. ₦1,300,000
Correct Answer C. ₦1,400,000
D. ₦1,500,000
Correct Answer
C
Correct Option:
₦1,400,000

About This Question

This is Post Utme Christopher University 2019 Accounting Question 9. It is one of the objective questions from the 2019 Post Utme Christopher University Accounting examination.

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