Post Utme Coal City University 2020 Accounting Question 30

Practice objective / multiple choice question 30 from the 2020 Post Utme Coal City University Accounting examination.

Post Utme Coal City University 2020 Accounting Objective / Multiple Choice
Question 30 POST_UTME_COAL_CITY_UNIVERSITY • 2020 • ACCOUNTING • objective

A company's trial balance shows the following balances: Accounts Payable ₦50,000, Accounts Receivable ₦30,000, and Common Stock ₦100,000. What is the total amount of the company's assets?

Answer Options

A. ₦180,000
B. ₦200,000
Correct Answer C. ₦220,000
D. ₦240,000
Correct Answer
C
Correct Option:
₦220,000

About This Question

This is Post Utme Coal City University 2020 Accounting Question 30. It is one of the objective questions from the 2020 Post Utme Coal City University Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support