Post Utme Summit University 2024 Accounting Question 11

Practice objective / multiple choice question 11 from the 2024 Post Utme Summit University Accounting examination.

Post Utme Summit University 2024 Accounting Objective / Multiple Choice
Question 11 POST_UTME_SUMMIT_UNIVERSITY • 2024 • ACCOUNTING • objective

A company has a trial balance that includes the following accounts: Cash, 10,000; Accounts Payable, 5,000; Common Stock, 20,000; Retained Earnings, 15,000. What is the total amount of assets on the balance sheet?

Answer Options

A. ₦30,000
Correct Answer B. ₦40,000
C. ₦50,000
D. ₦60,000
Correct Answer
B
Correct Option:
₦40,000

About This Question

This is Post Utme Summit University 2024 Accounting Question 11. It is one of the objective questions from the 2024 Post Utme Summit University Accounting examination.

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