Post Utme Covenant University 2020 Accounting Question 4

Practice objective / multiple choice question 4 from the 2020 Post Utme Covenant University Accounting examination.

Post Utme Covenant University 2020 Accounting Objective / Multiple Choice
Question 4 POST_UTME_COVENANT_UNIVERSITY • 2020 • ACCOUNTING • objective

A company's balance sheet as of December 31, 2020, shows the following: Cash ₦50,000, Accounts Payable ₦30,000, and Common Stock ₦100,000. What is the company's total assets?

Answer Options

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

About This Question

This is Post Utme Covenant University 2020 Accounting Question 4. It is one of the objective questions from the 2020 Post Utme Covenant University Accounting examination.

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