Post Utme Ims U 2024 Accounting Question 14

Practice objective / multiple choice question 14 from the 2024 Post Utme Ims U Accounting examination.

Post Utme Ims U 2024 Accounting Objective / Multiple Choice
Question 14 POST_UTME_IMS_U • 2024 • ACCOUNTING • objective

A company has the following ledger balances: Cash ₦1,500,000, Accounts Receivable ₦800,000, Inventory ₦1,200,000, and Equipment ₦2,000,000. What is the total amount of the company's assets?

Answer Options

A. ₦6,500,000
B. ₦7,000,000
C. ₦7,500,000
Correct Answer D. ₦8,000,000
Correct Answer
D
Correct Option:
₦8,000,000

About This Question

This is Post Utme Ims U 2024 Accounting Question 14. It is one of the objective questions from the 2024 Post Utme Ims U Accounting examination.

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