Post Utme Lautech 2023 Accounting Question 16

Practice objective / multiple choice question 16 from the 2023 Post Utme Lautech Accounting examination.

Post Utme Lautech 2023 Accounting Objective / Multiple Choice
Question 16 POST_UTME_LAUTECH • 2023 • ACCOUNTING • objective

A company uses the double-entry system of accounting. The company's trial balance shows the following accounts: Cash 10,000, Accounts Payable 5,000, Common Stock 20,000, and Retained Earnings 15,000. What is the total amount of the company's assets?

Answer Options

Correct Answer A. ₦35,000
B. ₦40,000
C. ₦45,000
D. ₦50,000
Correct Answer
A
Correct Option:
₦35,000

About This Question

This is Post Utme Lautech 2023 Accounting Question 16. It is one of the objective questions from the 2023 Post Utme Lautech Accounting examination.

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