Post Utme Elizade University 2023 Accounting Question 3

Practice objective / multiple choice question 3 from the 2023 Post Utme Elizade University Accounting examination.

Post Utme Elizade University 2023 Accounting Objective / Multiple Choice
Question 3 POST_UTME_ELIZADE_UNIVERSITY • 2023 • ACCOUNTING • objective

A company's balance sheet as at 31st December 2022 is as follows: Assets: £ 100,000 (Cash) £ 200,000 (Debtors) £ 300,000 (Stock) Liabilities: £ 50,000 (Creditors) What is the total of the assets?

Answer Options

A. £ 500,000
B. £ 600,000
Correct Answer C. £ 700,000
D. £ 800,000
Correct Answer
C
Correct Option:
£ 700,000

About This Question

This is Post Utme Elizade University 2023 Accounting Question 3. It is one of the objective questions from the 2023 Post Utme Elizade University Accounting examination.

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