Post Utme Lead City University 2018 Accounting Question 32

Practice objective / multiple choice question 32 from the 2018 Post Utme Lead City University Accounting examination.

Post Utme Lead City University 2018 Accounting Objective / Multiple Choice
Question 32 POST_UTME_LEAD_CITY_UNIVERSITY • 2018 • ACCOUNTING • objective

A company uses a self-balancing ledger system. The ledger contains the following accounts: Cash, Accounts Receivable, Inventory, and Equipment. If the company's balance sheet shows a total asset value of ₦1,500,000, and the Cash account has a balance of ₦200,000, what is the total value of the Accounts Receivable and Inventory accounts?

Answer Options

A. ₦1,000,000
Correct Answer B. ₦1,200,000
C. ₦1,300,000
D. ₦1,400,000
Correct Answer
B
Correct Option:
₦1,200,000

About This Question

This is Post Utme Lead City University 2018 Accounting Question 32. It is one of the objective questions from the 2018 Post Utme Lead City University Accounting examination.

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