Post Utme Ims U 2021 Accounting Question 3

Practice objective / multiple choice question 3 from the 2021 Post Utme Ims U Accounting examination.

Post Utme Ims U 2021 Accounting Objective / Multiple Choice
Question 3 POST_UTME_IMS_U • 2021 • ACCOUNTING • objective

A company's trial balance shows the following: Accounts Payable ₦50,000, Accounts Receivable ₦30,000, and Common Stock ₦100,000. What is the total amount of the company's assets?

Answer Options

A. ₦180,000
B. ₦200,000
Correct Answer C. ₦220,000
D. ₦240,000
Correct Answer
C
Correct Option:
₦220,000

About This Question

This is Post Utme Ims U 2021 Accounting Question 3. It is one of the objective questions from the 2021 Post Utme Ims U Accounting examination.

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