Post Utme Rsu 2024 Accounting Question 24

Practice objective / multiple choice question 24 from the 2024 Post Utme Rsu Accounting examination.

Post Utme Rsu 2024 Accounting Objective / Multiple Choice
Question 24 POST_UTME_RSU • 2024 • ACCOUNTING • objective

A company's balance sheet shows the following: | Asset | ₦ | Liability | ₦ | | --- | --- | --- | --- | | Cash | 50,000 | Accounts Payable | 30,000 | | Inventory | 70,000 | Long-term Debt | 100,000 | | Equipment | 80,000 | Equity | 120,000 | What is the total amount of the company's assets?

Answer Options

A. ₦200,000
B. ₦250,000
Correct Answer C. ₦300,000
D. ₦350,000
Correct Answer
C
Correct Option:
₦300,000

About This Question

This is Post Utme Rsu 2024 Accounting Question 24. It is one of the objective questions from the 2024 Post Utme Rsu Accounting examination.

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