Post Utme Ims U 2018 Accounting Question 21

Practice objective / multiple choice question 21 from the 2018 Post Utme Ims U Accounting examination.

Post Utme Ims U 2018 Accounting Objective / Multiple Choice
Question 21 POST_UTME_IMS_U • 2018 • ACCOUNTING • objective

A company has the following trial balance: Cash ₦50,000, Accounts Payable ₦20,000, Accounts Receivable ₦30,000, and Sales Revenue ₦40,000. What is the total amount of assets?

Answer Options

A. ₦80,000
B. ₦90,000
Correct Answer C. ₦100,000
D. ₦110,000
Correct Answer
C
Correct Option:
₦100,000

About This Question

This is Post Utme Ims U 2018 Accounting Question 21. It is one of the objective questions from the 2018 Post Utme Ims U Accounting examination.

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