Post Utme Crawford University 2024 Accounting Question 20

Practice objective / multiple choice question 20 from the 2024 Post Utme Crawford University Accounting examination.

Post Utme Crawford University 2024 Accounting Objective / Multiple Choice
Question 20 POST_UTME_CRAWFORD_UNIVERSITY • 2024 • ACCOUNTING • objective

A company uses the incomplete records method to record its transactions. The company's cash book shows the following transactions: Cash (₦50,000), Accounts Payable (₦30,000), and Common Stock (₦20,000). If the company's net worth is ₦100,000, what is the company's total assets?

Answer Options

A. ₦150,000
B. ₦200,000
Correct Answer C. ₦250,000
D. ₦300,000
Correct Answer
C
Correct Option:
₦250,000

About This Question

This is Post Utme Crawford University 2024 Accounting Question 20. It is one of the objective questions from the 2024 Post Utme Crawford University Accounting examination.

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