Post Utme Futo 2020 Accounting Question 38

Practice objective / multiple choice question 38 from the 2020 Post Utme Futo Accounting examination.

Post Utme Futo 2020 Accounting Objective / Multiple Choice
Question 38 POST_UTME_FUTO • 2020 • ACCOUNTING • objective

A company's balance sheet as at 31st December 2020 is as follows: Equity: ₦500,000; Liabilities: ₦800,000. Calculate the total assets of the company.

Answer Options

Correct Answer A. ₦1,300,000
B. ₦1,300,000
C. ₦1,300,000
D. ₦1,300,000
Correct Answer
A
Correct Option:
₦1,300,000

About This Question

This is Post Utme Futo 2020 Accounting Question 38. It is one of the objective questions from the 2020 Post Utme Futo Accounting examination.

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