Post Utme Rhema University 2017 Accounting Question 30

Practice objective / multiple choice question 30 from the 2017 Post Utme Rhema University Accounting examination.

Post Utme Rhema University 2017 Accounting Objective / Multiple Choice
Question 30 POST_UTME_RHEMA_UNIVERSITY • 2017 • ACCOUNTING • objective

A company uses a double-entry system. The company's ledger shows the following balances: Cash ₦100,000, Accounts Payable ₦50,000, and Common Stock ₦200,000. What is the total amount of assets?

Answer Options

A. ₦250,000
Correct Answer B. ₦300,000
C. ₦350,000
D. ₦400,000
Correct Answer
B
Correct Option:
₦300,000

About This Question

This is Post Utme Rhema University 2017 Accounting Question 30. It is one of the objective questions from the 2017 Post Utme Rhema University 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