Post Utme Oau 2019 Accounting Question 2

Practice objective / multiple choice question 2 from the 2019 Post Utme Oau Accounting examination.

Post Utme Oau 2019 Accounting Objective / Multiple Choice
Question 2 POST_UTME_OAU • 2019 • ACCOUNTING • objective

A company's trial balance shows the following balances: Accounts Payable ₦50,000, Accounts Receivable ₦30,000, Common Stock ₦100,000, and Retained Earnings ₦20,000. What is the total amount of assets?

Answer Options

Correct Answer A. ₦150,000
B. ₦180,000
C. ₦200,000
D. ₦220,000
Correct Answer
A
Correct Option:
₦150,000

About This Question

This is Post Utme Oau 2019 Accounting Question 2. It is one of the objective questions from the 2019 Post Utme Oau Accounting examination.

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