Post Utme Igbinedion University 2022 Accounting Question 22
Practice objective / multiple choice question 22 from the 2022 Post Utme Igbinedion University Accounting examination.
A company's trial balance as of December 31, 2022, is as follows: Debit ₦ 50,000 Cash ₦ 20,000 Accounts Receivable ₦ 30,000 Inventory ₦ 10,000 Prepaid Rent ₦ 5,000 Office Supplies ₦ 15,000 Equipment ₦ 20,000 Accumulated Depreciation ₦ 10,000 Salaries Payable ₦ 5,000 Taxes Payable Credit ₦ 40,000 Accounts Payable ₦ 30,000 Notes Payable ₦ 20,000 Common Stock ₦ 15,000 Retained Earnings What is the total amount of assets on the balance sheet?
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This is Post Utme Igbinedion University 2022 Accounting Question 22. It is one of the objective questions from the 2022 Post Utme Igbinedion University Accounting examination.
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