Post Utme Osustech 2017 Accounting Question 34

Practice objective / multiple choice question 34 from the 2017 Post Utme Osustech Accounting examination.

Post Utme Osustech 2017 Accounting Objective / Multiple Choice
Question 34 POST_UTME_OSUSTECH • 2017 • ACCOUNTING • objective

A company has the following ledger accounts: Debit Accounts Payable 10,000 Salaries Expense 20,000 Rent Expense 15,000 Credit Cash 50,000 Accounts Receivable 30,000 Common Stock 100,000 What is the total amount of assets?

Answer Options

A. ₦150,000
B. ₦175,000
Correct Answer C. ₦200,000
D. ₦225,000
Correct Answer
C
Correct Option:
₦200,000

About This Question

This is Post Utme Osustech 2017 Accounting Question 34. It is one of the objective questions from the 2017 Post Utme Osustech Accounting examination.

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