Post Utme Rhema University 2025 Accounting Question 5

Practice objective / multiple choice question 5 from the 2025 Post Utme Rhema University Accounting examination.

Post Utme Rhema University 2025 Accounting Objective / Multiple Choice
Question 5 POST_UTME_RHEMA_UNIVERSITY • 2025 • ACCOUNTING • objective

A company's balance sheet shows the following accounts: Cash 20,000, Accounts Payable 15,000, Common Stock 50,000. What is the correct total of the company's assets?

Answer Options

A. ₦30,000
B. ₦35,000
Correct Answer C. ₦40,000
D. ₦45,000
Correct Answer
C
Correct Option:
₦40,000

About This Question

This is Post Utme Rhema University 2025 Accounting Question 5. It is one of the objective questions from the 2025 Post Utme Rhema University Accounting examination.

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