Post Utme Greenfield University 2024 Accounting Question 17

Practice objective / multiple choice question 17 from the 2024 Post Utme Greenfield University Accounting examination.

Post Utme Greenfield University 2024 Accounting Objective / Multiple Choice
Question 17 POST_UTME_GREENFIELD_UNIVERSITY • 2024 • ACCOUNTING • objective

A company has the following trial balance: | Account | Debit | Credit | | --- | --- | --- | | Sales | | 100,000 | | Cost of Goods Sold | 80,000 | | | Gross Profit | | 20,000 | | Operating Expenses | 30,000 | | | Net Profit | | 10,000 | What is the value of the company's assets on January 31, 2024?

Answer Options

A. ₦150,000
B. ₦160,000
Correct Answer C. ₦170,000
D. ₦180,000
Correct Answer
C
Correct Option:
₦170,000

About This Question

This is Post Utme Greenfield University 2024 Accounting Question 17. It is one of the objective questions from the 2024 Post Utme Greenfield University Accounting examination.

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