Post Utme Summit University 2018 Accounting Question 17

Practice objective / multiple choice question 17 from the 2018 Post Utme Summit University Accounting examination.

Post Utme Summit University 2018 Accounting Objective / Multiple Choice
Question 17 POST_UTME_SUMMIT_UNIVERSITY • 2018 • ACCOUNTING • objective

A company's trial balance showed the following balances: Accounts Payable 50,000, Accounts Receivable 30,000, Common Stock 100,000, and Retained Earnings 20,000. What is the total amount of assets?

Answer Options

A. ₦150,000
Correct Answer B. ₦200,000
C. ₦250,000
D. ₦300,000
Correct Answer
B
Correct Option:
₦200,000

About This Question

This is Post Utme Summit University 2018 Accounting Question 17. It is one of the objective questions from the 2018 Post Utme Summit University Accounting examination.

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