Post Utme Nile University 2019 Accounting Question 4

Practice objective / multiple choice question 4 from the 2019 Post Utme Nile University Accounting examination.

Post Utme Nile University 2019 Accounting Objective / Multiple Choice
Question 4 POST_UTME_NILE_UNIVERSITY • 2019 • ACCOUNTING • objective

A company has the following ledger accounts: Cash ₦1,000,000, Accounts Payable ₦500,000, Common Stock ₦2,000,000, and Retained Earnings ₦1,500,000. What is the total amount of assets for the company?

Answer Options

Correct Answer A. ₦3,500,000
B. ₦4,000,000
C. ₦4,500,000
D. ₦5,000,000
Correct Answer
A
Correct Option:
₦3,500,000

About This Question

This is Post Utme Nile University 2019 Accounting Question 4. It is one of the objective questions from the 2019 Post Utme Nile University Accounting examination.

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