Post Utme Futo 2021 Accounting Question 4

Practice objective / multiple choice question 4 from the 2021 Post Utme Futo Accounting examination.

Post Utme Futo 2021 Accounting Objective / Multiple Choice
Question 4 POST_UTME_FUTO • 2021 • ACCOUNTING • objective

A company's trial balance shows the following balances: Sales: ₦500,000, Cost of Goods Sold: ₦300,000, Profit: ₦200,000. What is the total assets of the company?

Answer Options

A. ₦700,000
B. ₦800,000
C. ₦900,000
Correct Answer D. ₦1,000,000
Correct Answer
D
Correct Option:
₦1,000,000

About This Question

This is Post Utme Futo 2021 Accounting Question 4. It is one of the objective questions from the 2021 Post Utme Futo Accounting examination.

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