Post Utme Greenfield University 2018 Accounting Question 31

Practice objective / multiple choice question 31 from the 2018 Post Utme Greenfield University Accounting examination.

Post Utme Greenfield University 2018 Accounting Objective / Multiple Choice
Question 31 POST_UTME_GREENFIELD_UNIVERSITY • 2018 • ACCOUNTING • objective

A company uses the single-entry system of accounting. The company's trial balance as at 31st December, 2022, shows the following balances: Cash 10,000, Accounts Payable 5,000, Common Stock 20,000, Retained Earnings 15,000, and Dividends 2,000. What is the total amount of the company's assets as at 31st December, 2022?

Answer Options

Correct Answer A. 37,000
B. 42,000
C. 47,000
D. 52,000
Correct Answer
A
Correct Option:
37,000

About This Question

This is Post Utme Greenfield University 2018 Accounting Question 31. It is one of the objective questions from the 2018 Post Utme Greenfield University Accounting examination.

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