Post Utme Futo 2020 Accounting Question 12

Practice objective / multiple choice question 12 from the 2020 Post Utme Futo Accounting examination.

Post Utme Futo 2020 Accounting Objective / Multiple Choice
Question 12 POST_UTME_FUTO • 2020 • ACCOUNTING • objective

A company's trial balance shows the following balances: Accounts Payable ₦50,000, Accounts Receivable ₦30,000, and Common Stock ₦100,000. What is the total amount of assets?

Answer Options

Correct Answer A. ₦180,000
B. ₦200,000
C. ₦220,000
D. ₦240,000
Correct Answer
A
Correct Option:
₦180,000

About This Question

This is Post Utme Futo 2020 Accounting Question 12. It is one of the objective questions from the 2020 Post Utme Futo Accounting examination.

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