Post Utme Ims U 2023 Accounting Question 30

Practice objective / multiple choice question 30 from the 2023 Post Utme Ims U Accounting examination.

Post Utme Ims U 2023 Accounting Objective / Multiple Choice
Question 30 POST_UTME_IMS_U • 2023 • ACCOUNTING • objective

A company has the following trial balance: | Account | Debit | Credit | | --- | --- | --- | | Cash | ₦10,000 | | | Office Supplies | | ₦5,000 | | Rent | ₦8,000 | | | Utilities | | ₦3,000 | | Salaries | ₦15,000 | | | Sales | | ₦20,000 | | Cost of Goods Sold | ₦18,000 | | | Net Income | | ₦2,000 | What is the total amount of assets?

Answer Options

Correct Answer A. ₦31,000
B. ₦32,000
C. ₦33,000
D. ₦34,000
Correct Answer
A
Correct Option:
₦31,000

About This Question

This is Post Utme Ims U 2023 Accounting Question 30. It is one of the objective questions from the 2023 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.

Unlock Full Access Available for Android & Windows
Chat with Support