Post Utme Rsu 2025 Accounting Question 21

Practice objective / multiple choice question 21 from the 2025 Post Utme Rsu Accounting examination.

Post Utme Rsu 2025 Accounting Objective / Multiple Choice
Question 21 POST_UTME_RSU • 2025 • ACCOUNTING • objective

A company uses the single-entry system of accounting. The company's trial balance as at 31st December 2024 is as follows: Debtors: ₦120,000, Creditors: ₦80,000, Capital: ₦500,000, Profit: ₦150,000. What is the total amount of assets of the company as at 31st December 2024?

Answer Options

Correct Answer A. ₦770,000
B. ₦870,000
C. ₦970,000
D. ₦1,070,000
Correct Answer
A
Correct Option:
₦770,000

About This Question

This is Post Utme Rsu 2025 Accounting Question 21. It is one of the objective questions from the 2025 Post Utme Rsu Accounting examination.

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