Post Utme Ims U 2019 Accounting Question 13
Practice objective / multiple choice question 13 from the 2019 Post Utme Ims U Accounting examination.
A company uses a self-balancing ledger system. The ledger has the following accounts: Cash, Accounts Receivable, Accounts Payable, and Common Stock. The company's trial balance at the end of the year shows the following balances: Cash ₦50,000, Accounts Receivable ₦20,000, Accounts Payable ₦10,000, and Common Stock ₦100,000. What is the total amount of assets on the balance sheet?
Answer Options
About This Question
This is Post Utme Ims U 2019 Accounting Question 13. It is one of the objective questions from the 2019 Post Utme Ims U Accounting examination.
Master the Exam!
You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.