Post Utme Rhema University 2021 Accounting Question 28

Practice objective / multiple choice question 28 from the 2021 Post Utme Rhema University Accounting examination.

Post Utme Rhema University 2021 Accounting Objective / Multiple Choice
Question 28 POST_UTME_RHEMA_UNIVERSITY • 2021 • ACCOUNTING • objective

A company has the following ledger accounts: Cash ₦1,000,000, Accounts Payable ₦1,000,000, Sales Revenue ₦1,000,000, Cost of Goods Sold ₦1,000,000. What is the total amount of assets?

Answer Options

Correct Answer A. ₦1,000,000
B. ₦1,200,000
C. ₦1,400,000
D. ₦1,600,000
Correct Answer
A
Correct Option:
₦1,000,000

About This Question

This is Post Utme Rhema University 2021 Accounting Question 28. It is one of the objective questions from the 2021 Post Utme Rhema University Accounting examination.

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