Post Utme Futo 2022 Accounting Question 27

Practice objective / multiple choice question 27 from the 2022 Post Utme Futo Accounting examination.

Post Utme Futo 2022 Accounting Objective / Multiple Choice
Question 27 POST_UTME_FUTO • 2022 • ACCOUNTING • objective

A company's balance sheet shows the following information: Total Assets = \1,500,000, Total Liabilities = \800,000, and Net Worth = \700,000. If the company's accounts payable account is \100,000, what is the correct amount of the company's accounts receivable account?

Answer Options

A. \500,000
B. \600,000
Correct Answer C. \700,000
D. \800,000
Correct Answer
C
Correct Option:
\700,000

About This Question

This is Post Utme Futo 2022 Accounting Question 27. It is one of the objective questions from the 2022 Post Utme Futo Accounting examination.

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