Post Utme Ui 2022 Accounting Question 32

Practice objective / multiple choice question 32 from the 2022 Post Utme Ui Accounting examination.

Post Utme Ui 2022 Accounting Objective / Multiple Choice
Question 32 POST_UTME_UI • 2022 • ACCOUNTING • objective

A company's balance sheet shows the following balances: ₦500,000 in Cash, ₦200,000 in Accounts Receivable, ₦150,000 in Inventory, ₦100,000 in Prepaid Rent, and ₦50,000 in Accumulated Depreciation. What is the total value of the company's assets?

Answer Options

A. ₦900,000
B. ₦950,000
Correct Answer C. ₦1,000,000
D. ₦1,050,000
Correct Answer
C
Correct Option:
₦1,000,000

About This Question

This is Post Utme Ui 2022 Accounting Question 32. It is one of the objective questions from the 2022 Post Utme Ui Accounting examination.

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