Post Utme Lautech 2021 Accounting Question 4

Practice objective / multiple choice question 4 from the 2021 Post Utme Lautech Accounting examination.

Post Utme Lautech 2021 Accounting Objective / Multiple Choice
Question 4 POST_UTME_LAUTECH • 2021 • ACCOUNTING • objective

A company has the following ledger balances: Cash ₦50,000, Accounts Payable ₦20,000, Common Stock ₦100,000, and Retained Earnings ₦30,000. What is the total amount of assets?

Answer Options

A. ₦200,000
Correct Answer B. ₦250,000
C. ₦300,000
D. ₦350,000
Correct Answer
B
Correct Option:
₦250,000

About This Question

This is Post Utme Lautech 2021 Accounting Question 4. It is one of the objective questions from the 2021 Post Utme Lautech Accounting examination.

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