Post Utme Esut 2021 Accounting Question 26
Practice objective / multiple choice question 26 from the 2021 Post Utme Esut Accounting examination.
A company uses a self-balancing ledger to record its transactions. The ledger has the following accounts: Cash, Accounts Payable, Accounts Receivable, and Common Stock. The company's trial balance shows the following balances: Cash = ₦50,000, Accounts Payable = ₦20,000, Accounts Receivable = ₦30,000, and Common Stock = ₦100,000. What is the total amount of assets recorded in the ledger?
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About This Question
This is Post Utme Esut 2021 Accounting Question 26. It is one of the objective questions from the 2021 Post Utme Esut Accounting examination.
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