Post Utme Coal City University 2021 Accounting Question 32

Practice objective / multiple choice question 32 from the 2021 Post Utme Coal City University Accounting examination.

Post Utme Coal City University 2021 Accounting Objective / Multiple Choice
Question 32 POST_UTME_COAL_CITY_UNIVERSITY • 2021 • ACCOUNTING • objective

A company has the following balance sheet: ₦100,000 in cash, ₦50,000 in accounts receivable, ₦20,000 in inventory, ₦30,000 in prepaid rent, and ₦10,000 in equipment. What is the total assets of the company?

Answer Options

A. ₦200,000
Correct Answer B. ₦220,000
C. ₦240,000
D. ₦260,000
Correct Answer
B
Correct Option:
₦220,000

About This Question

This is Post Utme Coal City University 2021 Accounting Question 32. It is one of the objective questions from the 2021 Post Utme Coal City University Accounting examination.

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