Post Utme Rsu 2022 Accounting Question 20

Practice objective / multiple choice question 20 from the 2022 Post Utme Rsu Accounting examination.

Post Utme Rsu 2022 Accounting Objective / Multiple Choice
Question 20 POST_UTME_RSU • 2022 • ACCOUNTING • objective

A company uses the double entry system of accounting. The following transactions are recorded in the journal: Debitors ₦ 10,000, Creditors ₦ 5,000, Capital ₦ 20,000. What is the total amount of the company's assets?

Answer Options

A. ₦ 35,000
B. ₦ 40,000
C. ₦ 45,000
Correct Answer D. ₦ 50,000
Correct Answer
D
Correct Option:
₦ 50,000

About This Question

This is Post Utme Rsu 2022 Accounting Question 20. It is one of the objective questions from the 2022 Post Utme Rsu 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