Post Utme Summit University 2025 Accounting Question 8

Practice objective / multiple choice question 8 from the 2025 Post Utme Summit University Accounting examination.

Post Utme Summit University 2025 Accounting Objective / Multiple Choice

Question 8 POST_UTME_SUMMIT_UNIVERSITY • 2025 • ACCOUNTING • objective

A company has the following ledger accounts: Cash ₦ 50,000, Bank ₦ 30,000, Accounts Payable ₦ 20,000, Accounts Receivable ₦ 40,000. What is the total amount of assets?

Answer Options

Correct Answer A. ₦ 140,000

B. ₦ 160,000

C. ₦ 180,000

D. ₦ 200,000

Correct Answer

Correct Option:

₦ 140,000

About This Question

This is Post Utme Summit University 2025 Accounting Question 8. It is one of the objective questions from the 2025 Post Utme Summit University Accounting examination.

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