Post Utme Nile University 2023 Accounting Question 36

Practice objective / multiple choice question 36 from the 2023 Post Utme Nile University Accounting examination.

Post Utme Nile University 2023 Accounting Objective / Multiple Choice
Question 36 POST_UTME_NILE_UNIVERSITY • 2023 • ACCOUNTING • objective

A company uses the double-entry system to record transactions. The company's trial balance shows the following balances: Accounts Payable 10,000, Accounts Receivable 8,000, Common Stock 50,000, and Retained Earnings 20,000. What is the total amount of assets on the balance sheet?

Answer Options

A. ₦18,000
Correct Answer B. ₦28,000
C. ₦38,000
D. ₦48,000
Correct Answer
B
Correct Option:
₦28,000

About This Question

This is Post Utme Nile University 2023 Accounting Question 36. It is one of the objective questions from the 2023 Post Utme Nile University Accounting examination.

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