Post Utme Crawford University 2024 Accounting Question 2

Practice objective / multiple choice question 2 from the 2024 Post Utme Crawford University Accounting examination.

Post Utme Crawford University 2024 Accounting Objective / Multiple Choice
Question 2 POST_UTME_CRAWFORD_UNIVERSITY • 2024 • ACCOUNTING • objective

A company's trial balance as at December 31, 2023, is as follows: Debit ₦ 10,000 Cash ₦ 12,000 Accounts Receivable ₦ 15,000 Office Equipment ₦ 20,000 Notes Payable Credit ₦ 8,000 Accounts Payable ₦ 10,000 Salaries Payable ₦ 12,000 Common Stock ₦ 15,000 Dividends What is the total amount of assets and liabilities?

Answer Options

A. ₦ 57,000
Correct Answer B. ₦ 62,000
C. ₦ 67,000
D. ₦ 72,000
Correct Answer
B
Correct Option:
₦ 62,000

About This Question

This is Post Utme Crawford University 2024 Accounting Question 2. It is one of the objective questions from the 2024 Post Utme Crawford 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