Post Utme Mountain Top University 2020 Accounting Question 12

Practice objective / multiple choice question 12 from the 2020 Post Utme Mountain Top University Accounting examination.

Post Utme Mountain Top University 2020 Accounting Objective / Multiple Choice
Question 12 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2020 • ACCOUNTING • objective

A company's trial balance shows the following balances: Accounts Payable ₦50,000, Sales Revenue ₦200,000, Cost of Goods Sold ₦120,000, and Net Income ₦30,000. What is the total amount of assets?

Answer Options

A. ₦250,000
Correct Answer B. ₦270,000
C. ₦290,000
D. ₦310,000
Correct Answer
B
Correct Option:
₦270,000

About This Question

This is Post Utme Mountain Top University 2020 Accounting Question 12. It is one of the objective questions from the 2020 Post Utme Mountain Top University Accounting examination.

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