Post Utme Ui 2017 Accounting Question 37

Practice objective / multiple choice question 37 from the 2017 Post Utme Ui Accounting examination.

Post Utme Ui 2017 Accounting Objective / Multiple Choice
Question 37 POST_UTME_UI • 2017 • ACCOUNTING • objective

A company's trial balance shows the following balances: Accounts Payable ₦50,000, Accounts Receivable ₦30,000, Common Stock ₦100,000, Dividends ₦10,000, Equipment ₦20,000, Interest Expense ₦5,000, Interest Income ₦2,000, Net Income ₦15,000, Retained Earnings ₦70,000, Salaries Expense ₦20,000, Sales Revenue ₦150,000, and Utilities Expense ₦10,000. What is the company's total assets?

Answer Options

A. ₦250,000
Correct Answer B. ₦270,000
C. ₦290,000
D. ₦310,000
Correct Answer
B
Correct Option:
₦270,000

About This Question

This is Post Utme Ui 2017 Accounting Question 37. It is one of the objective questions from the 2017 Post Utme Ui Accounting examination.

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