Post Utme Futo 2021 Accounting Question 21

Practice objective / multiple choice question 21 from the 2021 Post Utme Futo Accounting examination.

Post Utme Futo 2021 Accounting Objective / Multiple Choice
Question 21 POST_UTME_FUTO • 2021 • ACCOUNTING • objective

A company uses the double-entry system to record transactions. The company's trial balance shows the following balances: Accounts Payable 10,000, Accounts Receivable 8,000, Common Stock 50,000, and Retained Earnings 20,000. What is the total amount of the company's assets?

Answer Options

Correct Answer A. ₦68,000
B. ₦78,000
C. ₦88,000
D. ₦98,000
Correct Answer
A
Correct Option:
₦68,000

About This Question

This is Post Utme Futo 2021 Accounting Question 21. It is one of the objective questions from the 2021 Post Utme Futo Accounting examination.

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