Post Utme Mountain Top University 2017 Accounting Question 16

Practice objective / multiple choice question 16 from the 2017 Post Utme Mountain Top University Accounting examination.

Post Utme Mountain Top University 2017 Accounting Objective / Multiple Choice
Question 16 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2017 • ACCOUNTING • objective

A company uses the single-entry system of accounting. The company's trial balance as at 31st December 2022 is as follows: Debtors: ₦150,000 Stock: ₦200,000 Bills Receivable: ₦50,000 Bills Payable: ₦30,000 Accrued Expenses: ₦20,000 Bank: ₦100,000 What is the total amount of the company's assets as at 31st December 2022?

Answer Options

Correct Answer A. ₦520,000
B. ₦620,000
C. ₦720,000
D. ₦820,000
Correct Answer
A
Correct Option:
₦520,000

About This Question

This is Post Utme Mountain Top University 2017 Accounting Question 16. It is one of the objective questions from the 2017 Post Utme Mountain Top University Accounting examination.

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