Post Utme Summit University 2019 Accounting Question 12

Practice objective / multiple choice question 12 from the 2019 Post Utme Summit University Accounting examination.

Post Utme Summit University 2019 Accounting Objective / Multiple Choice
Question 12 POST_UTME_SUMMIT_UNIVERSITY • 2019 • ACCOUNTING • objective

A company has the following ledger balances: Cash: ₦50,000 Bank: ₦100,000 Accounts Payable: ₦80,000 Sales: ₦120,000 Cost of Goods Sold: ₦90,000 What is the total amount of assets?

Answer Options

A. ₦150,000
B. ₦180,000
Correct Answer C. ₦200,000
D. ₦220,000
Correct Answer
C
Correct Option:
₦200,000

About This Question

This is Post Utme Summit University 2019 Accounting Question 12. It is one of the objective questions from the 2019 Post Utme Summit University Accounting examination.

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