Post Utme Delsu 2017 Accounting Question 28
Practice objective / multiple choice question 28 from the 2017 Post Utme Delsu Accounting examination.
A company's trial balance as at 31st December 2017 is as follows: | Account | Debit | Credit | | --- | --- | --- | | Cash | 50,000 | | | Bank | | 100,000 | | Accounts Payable | | 200,000 | | Sales | | 300,000 | | Cost of Goods Sold | | 400,000 | | Net Income | | 500,000 | | Retained Earnings | | 600,000 | | Common Stock | | 700,000 | | Dividends | | 800,000 | What is the total amount of assets on the balance sheet as at 31st December 2017?
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About This Question
This is Post Utme Delsu 2017 Accounting Question 28. It is one of the objective questions from the 2017 Post Utme Delsu Accounting examination.
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