Post Utme Futo 2018 Accounting Question 22

Practice objective / multiple choice question 22 from the 2018 Post Utme Futo Accounting examination.

Post Utme Futo 2018 Accounting Objective / Multiple Choice
Question 22 POST_UTME_FUTO • 2018 • ACCOUNTING • objective

A company uses the self-balancing ledger system. The ledger shows the following balances: Debtors ₦50,000, Creditors ₦30,000, and Capital ₦20,000. What is the total value of the company's assets?

Answer Options

Correct Answer A. ₦100,000
B. ₦80,000
C. ₦60,000
D. ₦40,000
Correct Answer
A
Correct Option:
₦100,000

About This Question

This is Post Utme Futo 2018 Accounting Question 22. It is one of the objective questions from the 2018 Post Utme Futo Accounting examination.

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