Post Utme Covenant University 2023 Accounting Question 25

Practice objective / multiple choice question 25 from the 2023 Post Utme Covenant University Accounting examination.

Post Utme Covenant University 2023 Accounting Objective / Multiple Choice
Question 25 POST_UTME_COVENANT_UNIVERSITY • 2023 • ACCOUNTING • objective

A company's balance sheet shows the following balances: Cash ₦10,000, Accounts Payable ₦20,000, Common Stock ₦50,000. What is the total assets of the company?

Answer Options

A. ₦30,000
B. ₦40,000
Correct Answer C. ₦50,000
D. ₦60,000
Correct Answer
C
Correct Option:
₦50,000

About This Question

This is Post Utme Covenant University 2023 Accounting Question 25. It is one of the objective questions from the 2023 Post Utme Covenant 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