Post Utme Mountain Top University 2019 Accounting Question 14

Practice objective / multiple choice question 14 from the 2019 Post Utme Mountain Top University Accounting examination.

Post Utme Mountain Top University 2019 Accounting Objective / Multiple Choice
Question 14 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2019 • ACCOUNTING • objective

A company prepares a trial balance at the end of the year. The following accounts are listed: Cash ₦50,000, Accounts Payable ₦20,000, Sales ₦80,000, Purchases ₦60,000. What is the total amount of the company's assets?

Answer Options

Correct Answer A. ₦110,000
B. ₦120,000
C. ₦130,000
D. ₦140,000
Correct Answer
A
Correct Option:
₦110,000

About This Question

This is Post Utme Mountain Top University 2019 Accounting Question 14. It is one of the objective questions from the 2019 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