Post Utme Greenfield University 2023 Accounting Question 14

Practice objective / multiple choice question 14 from the 2023 Post Utme Greenfield University Accounting examination.

Post Utme Greenfield University 2023 Accounting Objective / Multiple Choice
Question 14 POST_UTME_GREENFIELD_UNIVERSITY • 2023 • ACCOUNTING • objective

A company has the following transactions for the year: sale of goods, ₦1,000,000; purchase of goods, ₦800,000; and purchase of equipment, ₦200,000. The company uses the accrual method of accounting. What is the total assets for the year?

Answer Options

A. ₦1,200,000
B. ₦1,400,000
Correct Answer C. ₦1,600,000
D. ₦1,800,000
Correct Answer
C
Correct Option:
₦1,600,000

About This Question

This is Post Utme Greenfield University 2023 Accounting Question 14. It is one of the objective questions from the 2023 Post Utme Greenfield University Accounting examination.

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