Post Utme Coal City University 2023 Accounting Question 8

Practice objective / multiple choice question 8 from the 2023 Post Utme Coal City University Accounting examination.

Post Utme Coal City University 2023 Accounting Objective / Multiple Choice
Question 8 POST_UTME_COAL_CITY_UNIVERSITY • 2023 • ACCOUNTING • objective

A company's trial balance as at 31st December 2022 is as follows: Debit: Cash ¡ 500,000 Accounts Payable ¡ 200,000 Sales Revenue ¡ 1,000,000 Cost of Goods Sold ¡ 600,000 Credit: Accounts Receivable ¡ 300,000 Common Stock ¡ 800,000 Dividends ¡ 100,000 Equipment ¡ 400,000 What is the company's total assets?

Answer Options

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

About This Question

This is Post Utme Coal City University 2023 Accounting Question 8. It is one of the objective questions from the 2023 Post Utme Coal City University Accounting examination.

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