Post Utme Futo 2020 Accounting Question 15

Practice objective / multiple choice question 15 from the 2020 Post Utme Futo Accounting examination.

Post Utme Futo 2020 Accounting Objective / Multiple Choice
Question 15 POST_UTME_FUTO • 2020 • ACCOUNTING • objective

A company uses the single-entry accounting method. If the company has a cash balance of ₦20,000 and a credit balance of ₦10,000, what is the total amount of assets?

Answer Options

Correct Answer A. ₦30,000
B. ₦40,000
C. ₦50,000
D. ₦60,000
Correct Answer
A
Correct Option:
₦30,000

About This Question

This is Post Utme Futo 2020 Accounting Question 15. It is one of the objective questions from the 2020 Post Utme Futo Accounting examination.

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