Post Utme Noun 2020 Accounting Question 30

Practice objective / multiple choice question 30 from the 2020 Post Utme Noun Accounting examination.

Post Utme Noun 2020 Accounting Objective / Multiple Choice
Question 30 POST_UTME_NOUN • 2020 • ACCOUNTING • objective

A company uses a self-balancing ledger to record its transactions. The ledger has the following accounts: cash ₦10,000, accounts payable ₦5,000, and accounts receivable ₦5,000. What is the total amount of the company's assets?

Answer Options

A. ₦10,000
B. ₦15,000
Correct Answer C. ₦20,000
D. ₦25,000
Correct Answer
C
Correct Option:
₦20,000

About This Question

This is Post Utme Noun 2020 Accounting Question 30. It is one of the objective questions from the 2020 Post Utme Noun Accounting examination.

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