Post Utme Nile University 2022 Accounting Question 37

Practice objective / multiple choice question 37 from the 2022 Post Utme Nile University Accounting examination.

Post Utme Nile University 2022 Accounting Objective / Multiple Choice
Question 37 POST_UTME_NILE_UNIVERSITY • 2022 • ACCOUNTING • objective

A company has the following trial balance: Accounts Payable - ₦100,000, Accounts Receivable - ₦150,000, Common Stock - ₦500,000, Dividends - ₦20,000, Equipment - ₦200,000, Interest Expense - ₦30,000, Interest Income - ₦10,000, Net Sales - ₦1,000,000, Rent Expense - ₦40,000, Salaries Expense - ₦60,000, Sales Returns - ₦50,000, Service Revenue - ₦800,000, Utilities Expense - ₦20,000. What is the total assets?

Answer Options

A. ₦1,400,000
B. ₦1,500,000
Correct Answer C. ₦1,600,000
D. ₦1,700,000
Correct Answer
C
Correct Option:
₦1,600,000

About This Question

This is Post Utme Nile University 2022 Accounting Question 37. It is one of the objective questions from the 2022 Post Utme Nile University Accounting examination.

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