Post Utme Covenant University 2023 Accounting Question 40

Practice objective / multiple choice question 40 from the 2023 Post Utme Covenant University Accounting examination.

Post Utme Covenant University 2023 Accounting Objective / Multiple Choice
Question 40 POST_UTME_COVENANT_UNIVERSITY • 2023 • ACCOUNTING • objective

A company's balance sheet shows the following accounts: Cash ₦50,000, Accounts Payable ₦20,000, Common Stock ₦100,000, and Retained Earnings ₦30,000. What is the company's total assets?

Answer Options

A. ₦100,000
B. ₦120,000
Correct Answer C. ₦140,000
D. ₦160,000
Correct Answer
C
Correct Option:
₦140,000

About This Question

This is Post Utme Covenant University 2023 Accounting Question 40. It is one of the objective questions from the 2023 Post Utme Covenant University Accounting examination.

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