Post Utme Mountain Top University 2018 Accounting Question 35

Practice objective / multiple choice question 35 from the 2018 Post Utme Mountain Top University Accounting examination.

Post Utme Mountain Top University 2018 Accounting Objective / Multiple Choice
Question 35 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2018 • ACCOUNTING • objective

A company's financial statements show the following: | Asset | 2022 | 2023 | | --- | --- | --- | | Cash | ₦100,000 | ₦120,000 | | Accounts Receivable | ₦80,000 | ₦90,000 | | Inventory | ₦150,000 | ₦180,000 | | Total Assets | ₦330,000 | ₦390,000 | What is the company's total asset increase from 2022 to 2023?

Answer Options

A. ₦60,000
B. ₦80,000
C. ₦100,000
Correct Answer D. ₦120,000
Correct Answer
D
Correct Option:
₦120,000

About This Question

This is Post Utme Mountain Top University 2018 Accounting Question 35. It is one of the objective questions from the 2018 Post Utme Mountain Top University Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support