Post Utme Mountain Top University 2022 Accounting Question 24

Practice objective / multiple choice question 24 from the 2022 Post Utme Mountain Top University Accounting examination.

Post Utme Mountain Top University 2022 Accounting Objective / Multiple Choice
Question 24 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2022 • ACCOUNTING • objective

A company has the following incomplete records: Cash, Accounts Receivable, and Accounts Payable. If the balance in the Cash account is ₦30,000, and the balance in the Accounts Payable account is ₦15,000, what is the total amount of assets and liabilities in the company?

Answer Options

A. ₦45,000
Correct Answer B. ₦50,000
C. ₦55,000
D. ₦60,000
Correct Answer
B
Correct Option:
₦50,000

About This Question

This is Post Utme Mountain Top University 2022 Accounting Question 24. It is one of the objective questions from the 2022 Post Utme Mountain Top University Accounting examination.

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