Post Utme Lead City University 2023 Accounting Question 18

Practice objective / multiple choice question 18 from the 2023 Post Utme Lead City University Accounting examination.

Post Utme Lead City University 2023 Accounting Objective / Multiple Choice
Question 18 POST_UTME_LEAD_CITY_UNIVERSITY • 2023 • ACCOUNTING • objective

A company has incomplete records and uses the single entry system to prepare its financial statements. The company has a cash balance of ₦300,000 and accounts receivable of ₦150,000. What is the total amount of assets?

Answer Options

Correct Answer A. ₦450,000
B. ₦550,000
C. ₦650,000
D. ₦750,000
Correct Answer
A
Correct Option:
₦450,000

About This Question

This is Post Utme Lead City University 2023 Accounting Question 18. It is one of the objective questions from the 2023 Post Utme Lead City University Accounting examination.

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