Post Utme Redeemers University 2021 Accounting Question 13

Practice objective / multiple choice question 13 from the 2021 Post Utme Redeemers University Accounting examination.

Post Utme Redeemers University 2021 Accounting Objective / Multiple Choice
Question 13 POST_UTME_REDEEMERS_UNIVERSITY • 2021 • ACCOUNTING • objective

A company's trial balance shows the following balances: Accounts Payable ₦120,000, Sales Revenue ₦200,000, Cost of Goods Sold ₦80,000, and Net Income ₦40,000. What is the amount of the company's total assets?

Answer Options

A. ₦240,000
B. ₦280,000
C. ₦320,000
Correct Answer D. ₦360,000
Correct Answer
D
Correct Option:
₦360,000

About This Question

This is Post Utme Redeemers University 2021 Accounting Question 13. It is one of the objective questions from the 2021 Post Utme Redeemers University Accounting examination.

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