Post Utme Coal City University 2017 Accounting Question 18

Practice objective / multiple choice question 18 from the 2017 Post Utme Coal City University Accounting examination.

Post Utme Coal City University 2017 Accounting Objective / Multiple Choice
Question 18 POST_UTME_COAL_CITY_UNIVERSITY • 2017 • ACCOUNTING • objective

A company's balance sheet as at 31st December 2022 is as follows: Assets: Cash: ₦500,000 Debtors: ₦200,000 Stock: ₦300,000 Prepaid rent: ₦20,000 Liabilities: Creditors: ₦150,000 Loan: ₦100,000 What is the total value of the company's assets?

Answer Options

Correct Answer A. ₦1,030,000
B. ₦1,050,000
C. ₦1,070,000
D. ₦1,090,000
Correct Answer
A
Correct Option:
₦1,030,000

About This Question

This is Post Utme Coal City University 2017 Accounting Question 18. It is one of the objective questions from the 2017 Post Utme Coal City University Accounting examination.

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