Post Utme Osustech 2022 Accounting Question 15

Practice objective / multiple choice question 15 from the 2022 Post Utme Osustech Accounting examination.

Post Utme Osustech 2022 Accounting Objective / Multiple Choice
Question 15 POST_UTME_OSUSTECH • 2022 • ACCOUNTING • objective

A company's balance sheet as at 31st December, 2022 is as follows: Assets: ₦100,000 Cash ₦50,000 Bank ₦20,000 Accrued Income ₦30,000 Prepaid Rent ₦10,000 Accrued Expenses Liabilities: ₦50,000 Accrued Expenses ₦20,000 Bank Loan Equity: ₦30,000 Share Capital ₦20,000 Retained Earnings What is the company's total assets?

Answer Options

A. ₦200,000
B. ₦220,000
Correct Answer C. ₦240,000
D. ₦260,000
Correct Answer
C
Correct Option:
₦240,000

About This Question

This is Post Utme Osustech 2022 Accounting Question 15. It is one of the objective questions from the 2022 Post Utme Osustech Accounting examination.

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