Post Utme Noun 2020 Accounting Question 1
Practice objective / multiple choice question 1 from the 2020 Post Utme Noun Accounting examination.
A company uses the single-entry system of accounting. The company's trial balance as at 31st December, 2020, shows the following balances: Cash 10,000, Accounts Payable 15,000, Common Stock 20,000, and Retained Earnings 30,000. What is the total amount of assets on the balance sheet?
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About This Question
This is Post Utme Noun 2020 Accounting Question 1. It is one of the objective questions from the 2020 Post Utme Noun Accounting examination.
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