Post Utme Joseph Ayo Babalola University 2020 Accounting Question 25

Practice objective / multiple choice question 25 from the 2020 Post Utme Joseph Ayo Babalola University Accounting examination.

Post Utme Joseph Ayo Babalola University 2020 Accounting Objective / Multiple Choice
Question 25 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2020 • ACCOUNTING • objective

A company's balance sheet as at 31 Dec 20XX is as follows: | Assets | ₦ | Liabilities | ₦ | | --- | --- | --- | --- | | Cash | 10,000 | Debentures | 20,000 | | Bank | 15,000 | Share Capital | 30,000 | | Stock | 25,000 | Profit & Loss | 10,000 | What is the total amount of assets?

Answer Options

A. ₦60,000
B. ₦65,000
C. ₦60,000
Correct Answer D. ₦65,000
Correct Answer
D
Correct Option:
₦65,000

About This Question

This is Post Utme Joseph Ayo Babalola University 2020 Accounting Question 25. It is one of the objective questions from the 2020 Post Utme Joseph Ayo Babalola University Accounting examination.

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