Post Utme Futo 2021 Accounting Question 23

Practice objective / multiple choice question 23 from the 2021 Post Utme Futo Accounting examination.

Post Utme Futo 2021 Accounting Objective / Multiple Choice
Question 23 POST_UTME_FUTO • 2021 • ACCOUNTING • objective

A public sector organization has the following transactions: Cash 10,000, Accounts Payable 8,000, Accounts Receivable 6,000, and Common Stock 40,000. What is the total amount of the organization's assets?

Answer Options

Correct Answer A. ₦64,000
B. ₦74,000
C. ₦84,000
D. ₦94,000
Correct Answer
A
Correct Option:
₦64,000

About This Question

This is Post Utme Futo 2021 Accounting Question 23. It is one of the objective questions from the 2021 Post Utme Futo Accounting examination.

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