Post Utme Lead City University 2023 Accounting Question 17

Practice objective / multiple choice question 17 from the 2023 Post Utme Lead City University Accounting examination.

Post Utme Lead City University 2023 Accounting Objective / Multiple Choice
Question 17 POST_UTME_LEAD_CITY_UNIVERSITY • 2023 • ACCOUNTING • objective

A government agency is required to prepare a statement of financial position in accordance with the Public Sector Accounting Standards. The agency has a cash balance of ₦500,000 and accounts payable of ₦200,000. What is the total amount of assets?

Answer Options

Correct Answer A. ₦700,000
B. ₦800,000
C. ₦900,000
D. ₦1,000,000
Correct Answer
A
Correct Option:
₦700,000

About This Question

This is Post Utme Lead City University 2023 Accounting Question 17. It is one of the objective questions from the 2023 Post Utme Lead City University Accounting examination.

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