Post Utme Futa 2019 Accounting Question 26

Practice objective / multiple choice question 26 from the 2019 Post Utme Futa Accounting examination.

Post Utme Futa 2019 Accounting Objective / Multiple Choice
Question 26 POST_UTME_FUTA • 2019 • ACCOUNTING • objective

A company prepares a trial balance as at December 31, 2022. The following balances are extracted from the trial balance: Accounts payable: ₦200,000; Accounts receivable: ₦150,000; Inventory: ₦100,000; Prepaid rent: ₦50,000. Calculate the total assets.

Answer Options

A. ₦500,000
B. ₦550,000
Correct Answer C. ₦600,000
D. ₦650,000
Correct Answer
C
Correct Option:
₦600,000

About This Question

This is Post Utme Futa 2019 Accounting Question 26. It is one of the objective questions from the 2019 Post Utme Futa Accounting examination.

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