Post Utme Nile University 2025 Accounting Question 10

Practice objective / multiple choice question 10 from the 2025 Post Utme Nile University Accounting examination.

Post Utme Nile University 2025 Accounting Objective / Multiple Choice
Question 10 POST_UTME_NILE_UNIVERSITY • 2025 • ACCOUNTING • objective

A company's balance sheet as at 31st December 2024 shows the following: ₦150,000 in cash, ₦100,000 in accounts receivable, ₦50,000 in inventory, ₦20,000 in prepaid expenses, and ₦30,000 in equipment. Calculate the company's total assets.

Answer Options

Correct Answer A. ₦350,000
B. ₦400,000
C. ₦450,000
D. ₦500,000
Correct Answer
A
Correct Option:
₦350,000

About This Question

This is Post Utme Nile University 2025 Accounting Question 10. It is one of the objective questions from the 2025 Post Utme Nile University Accounting examination.

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