Post Utme Delsu 2018 Accounting Question 19

Practice objective / multiple choice question 19 from the 2018 Post Utme Delsu Accounting examination.

Post Utme Delsu 2018 Accounting Objective / Multiple Choice
Question 19 POST_UTME_DELSU • 2018 • ACCOUNTING • objective

A company has the following ledger balances: Cash ₦100,000, Accounts Payable ₦50,000, Sales Revenue ₦200,000, Cost of Goods Sold ₦150,000. If the company's net income is ₦50,000, what is the company's total assets?

Answer Options

A. ₦300,000
B. ₦350,000
Correct Answer C. ₦400,000
D. ₦450,000
Correct Answer
C
Correct Option:
₦400,000

About This Question

This is Post Utme Delsu 2018 Accounting Question 19. It is one of the objective questions from the 2018 Post Utme Delsu Accounting examination.

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