Post Utme Osustech 2018 Accounting Question 30

Practice objective / multiple choice question 30 from the 2018 Post Utme Osustech Accounting examination.

Post Utme Osustech 2018 Accounting Objective / Multiple Choice
Question 30 POST_UTME_OSUSTECH • 2018 • ACCOUNTING • objective

A company uses a control account system. The company has the following transactions: Debit Cash ₦100,000, Credit Accounts Payable ₦150,000, Debit Inventory ₦200,000, Credit Accounts Receivable ₦250,000. What is the total value of the company's assets?

Answer Options

A. ₦550,000
B. ₦600,000
Correct Answer C. ₦650,000
D. ₦700,000
Correct Answer
C
Correct Option:
₦650,000

About This Question

This is Post Utme Osustech 2018 Accounting Question 30. It is one of the objective questions from the 2018 Post Utme Osustech Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support