Post Utme Covenant University 2025 Accounting Question 5

Practice objective / multiple choice question 5 from the 2025 Post Utme Covenant University Accounting examination.

Post Utme Covenant University 2025 Accounting Objective / Multiple Choice
Question 5 POST_UTME_COVENANT_UNIVERSITY • 2025 • ACCOUNTING • objective

A company has the following ledger accounts: Cash ₦100,000, Accounts Payable ₦50,000, and Common Stock ₦200,000. What is the total amount of assets and liabilities?

Answer Options

A. ₦250,000
Correct Answer B. ₦300,000
C. ₦350,000
D. ₦400,000
Correct Answer
B
Correct Option:
₦300,000

About This Question

This is Post Utme Covenant University 2025 Accounting Question 5. It is one of the objective questions from the 2025 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