Post Utme Ims U 2019 Accounting Question 15

Practice objective / multiple choice question 15 from the 2019 Post Utme Ims U Accounting examination.

Post Utme Ims U 2019 Accounting Objective / Multiple Choice
Question 15 POST_UTME_IMS_U • 2019 • ACCOUNTING • objective

A company uses a control account system. The company has the following accounts: Cash, Accounts Receivable, and Accounts Payable. The company's trial balance at the end of the year shows the following balances: Cash ₦50,000, Accounts Receivable ₦20,000, and Accounts Payable ₦10,000. What is the total amount of assets on the balance sheet?

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 2019 Accounting Question 15. It is one of the objective questions from the 2019 Post Utme Ims U Accounting examination.

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