Post Utme Ims U 2023 Accounting Question 17

Practice objective / multiple choice question 17 from the 2023 Post Utme Ims U Accounting examination.

Post Utme Ims U 2023 Accounting Objective / Multiple Choice
Question 17 POST_UTME_IMS_U • 2023 • ACCOUNTING • objective

A company's trial balance contains the following accounts: Cash 10,000, Accounts Payable 5,000, Sales Revenue 20,000, Cost of Goods Sold 15,000, and Common Stock 10,000. What is the total amount of assets?

Answer Options

Correct Answer A. 35,000
B. 40,000
C. 45,000
D. 50,000
Correct Answer
A
Correct Option:
35,000

About This Question

This is Post Utme Ims U 2023 Accounting Question 17. It is one of the objective questions from the 2023 Post Utme Ims U Accounting examination.

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