Post Utme Ims U 2024 Accounting Question 25

Practice objective / multiple choice question 25 from the 2024 Post Utme Ims U Accounting examination.

Post Utme Ims U 2024 Accounting Objective / Multiple Choice
Question 25 POST_UTME_IMS_U • 2024 • ACCOUNTING • objective

A company's trial balance as of December 31, 2024, is as follows: Debit Accounts Payable ₦10,000 Salaries Expense ₦20,000 Rent Expense ₦15,000 Utilities Expense ₦5,000 Credit Cash ₦50,000 Accounts Receivable ₦30,000 Common Stock ₦100,000 Retained Earnings ₦80,000 What is the total amount of the company's assets?

Answer Options

A. ₦175,000
Correct Answer B. ₦185,000
C. ₦195,000
D. ₦205,000
Correct Answer
B
Correct Option:
₦185,000

About This Question

This is Post Utme Ims U 2024 Accounting Question 25. It is one of the objective questions from the 2024 Post Utme Ims U Accounting examination.

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