Post Utme Summit University 2018 Accounting Question 19

Practice objective / multiple choice question 19 from the 2018 Post Utme Summit University Accounting examination.

Post Utme Summit University 2018 Accounting Objective / Multiple Choice
Question 19 POST_UTME_SUMMIT_UNIVERSITY • 2018 • ACCOUNTING • objective

A company's trial balance showed the following balances: Accounts Payable 40,000, Accounts Receivable 25,000, Common Stock 120,000, and Retained Earnings 15,000. What is the total amount of assets?

Answer Options

A. ₦175,000
B. ₦225,000
Correct Answer C. ₦275,000
D. ₦325,000
Correct Answer
C
Correct Option:
₦275,000

About This Question

This is Post Utme Summit University 2018 Accounting Question 19. It is one of the objective questions from the 2018 Post Utme Summit University Accounting examination.

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