Post Utme Oau 2017 Accounting Question 8

Practice objective / multiple choice question 8 from the 2017 Post Utme Oau Accounting examination.

Post Utme Oau 2017 Accounting Objective / Multiple Choice
Question 8 POST_UTME_OAU • 2017 • ACCOUNTING • objective

A company has the following ledger accounts: Cash = ₦50,000, Accounts Payable = ₦30,000, and Common Stock = ₦100,000. The company also has a loan from a bank of ₦20,000. Calculate the total amount of assets.

Answer Options

A. ₦200,000
Correct Answer B. ₦250,000
C. ₦300,000
D. ₦350,000
Correct Answer
B
Correct Option:
₦250,000

About This Question

This is Post Utme Oau 2017 Accounting Question 8. It is one of the objective questions from the 2017 Post Utme Oau Accounting examination.

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