Post Utme Uniben 2017 Accounting Question 23

Practice objective / multiple choice question 23 from the 2017 Post Utme Uniben Accounting examination.

Post Utme Uniben 2017 Accounting Objective / Multiple Choice
Question 23 POST_UTME_UNIBEN • 2017 • ACCOUNTING • objective

A company uses a double-entry system to record its transactions. The company's ledger contains the following accounts: Cash, Accounts Payable, Accounts Receivable, and Common Stock. The company's trial balance shows the following balances: Cash 10,000, Accounts Payable 5,000, Accounts Receivable 8,000, and Common Stock 20,000. What is the total amount of the company's assets?

Answer Options

Correct Answer A. 23,000
B. 28,000
C. 33,000
D. 38,000
Correct Answer
A
Correct Option:
23,000

About This Question

This is Post Utme Uniben 2017 Accounting Question 23. It is one of the objective questions from the 2017 Post Utme Uniben Accounting examination.

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