Post Utme Rhema University 2019 Accounting Question 32

Practice objective / multiple choice question 32 from the 2019 Post Utme Rhema University Accounting examination.

Post Utme Rhema University 2019 Accounting Objective / Multiple Choice
Question 32 POST_UTME_RHEMA_UNIVERSITY • 2019 • ACCOUNTING • objective

A company's trial balance shows the following balances: Accounts Payable ₦120,000, Sales Revenue ₦500,000, Cost of Goods Sold ₦300,000, and Net Income ₦150,000. What is the company's total assets?

Answer Options

A. ₦1,000,000
B. ₦1,050,000
Correct Answer C. ₦1,100,000
D. ₦1,200,000
Correct Answer
C
Correct Option:
₦1,100,000

About This Question

This is Post Utme Rhema University 2019 Accounting Question 32. It is one of the objective questions from the 2019 Post Utme Rhema University Accounting examination.

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