Post Utme Madonna University 2017 Accounting Question 34

Practice objective / multiple choice question 34 from the 2017 Post Utme Madonna University Accounting examination.

Post Utme Madonna University 2017 Accounting Objective / Multiple Choice
Question 34 POST_UTME_MADONNA_UNIVERSITY • 2017 • ACCOUNTING • objective

A company's balance sheet as at 31st Dec is as follows: | Assets | ₦ | Liabilities | ₦ | | --- | --- | --- | --- | | Cash | 10,000 | Debentures | 20,000 | | Bank | 15,000 | Share Capital | 30,000 | | Stock | 25,000 | Profit & Loss | 10,000 | What is the total amount of assets?

Answer Options

A. ₦60,000
B. ₦65,000
Correct Answer C. ₦70,000
D. ₦75,000
Correct Answer
C
Correct Option:
₦70,000

About This Question

This is Post Utme Madonna University 2017 Accounting Question 34. It is one of the objective questions from the 2017 Post Utme Madonna University Accounting examination.

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