Post Utme Covenant University 2023 Accounting Question 12

Practice objective / multiple choice question 12 from the 2023 Post Utme Covenant University Accounting examination.

Post Utme Covenant University 2023 Accounting Objective / Multiple Choice
Question 12 POST_UTME_COVENANT_UNIVERSITY • 2023 • ACCOUNTING • objective

A company's accounting records show the following balances: Cash: ₦100,000 Accounts Receivable: ₦50,000 Inventory: ₦200,000 Prepaid Rent: ₦20,000 Equipment: ₦150,000 Accumulated Depreciation: ₦30,000 Common Stock: ₦300,000 Retained Earnings: ₦200,000 What is the total amount of assets?

Answer Options

Correct Answer A. ₦820,000
B. ₦830,000
C. ₦840,000
D. ₦850,000
Correct Answer
A
Correct Option:
₦820,000

About This Question

This is Post Utme Covenant University 2023 Accounting Question 12. It is one of the objective questions from the 2023 Post Utme Covenant University Accounting examination.

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