Post Utme Mountain Top University 2017 Accounting Question 21

Practice objective / multiple choice question 21 from the 2017 Post Utme Mountain Top University Accounting examination.

Post Utme Mountain Top University 2017 Accounting Objective / Multiple Choice
Question 21 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2017 • ACCOUNTING • objective

A company's trading account for the year ended 31st December 2022 shows a profit of ₦1,500,000. The company's balance sheet as at 31st December 2022 shows a current asset of ₦2,500,000 and a non-current asset of ₦3,000,000. What is the company's total assets as at 31st December 2022?

Answer Options

Correct Answer A. ₦5,500,000
B. ₦5,000,000
C. ₦6,000,000
D. ₦6,500,000
Correct Answer
A
Correct Option:
₦5,500,000

About This Question

This is Post Utme Mountain Top University 2017 Accounting Question 21. It is one of the objective questions from the 2017 Post Utme Mountain Top University Accounting examination.

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