Post Utme Elizade University 2021 Accounting Question 33

Practice objective / multiple choice question 33 from the 2021 Post Utme Elizade University Accounting examination.

Post Utme Elizade University 2021 Accounting Objective / Multiple Choice
Question 33 POST_UTME_ELIZADE_UNIVERSITY • 2021 • ACCOUNTING • objective

A company's trial balance as at 31st December 2021 shows the following balances: Cash 10,000, Accounts Payable 5,000, Common Stock 20,000, and Retained Earnings 15,000. The company also has a note payable of 8,000. What is the company's total assets?

Answer Options

A. 33,000
B. 35,000
Correct Answer C. 37,000
D. 39,000
Correct Answer
C
Correct Option:
37,000

About This Question

This is Post Utme Elizade University 2021 Accounting Question 33. It is one of the objective questions from the 2021 Post Utme Elizade University Accounting examination.

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