Post Utme Unilag 2019 Accounting Question 13

Practice objective / multiple choice question 13 from the 2019 Post Utme Unilag Accounting examination.

Post Utme Unilag 2019 Accounting Objective / Multiple Choice
Question 13 POST_UTME_UNILAG • 2019 • ACCOUNTING • objective

A company's balance sheet as at 31st December 2018 is as follows: | Assets | ₦ | Liabilities | ₦ | | --- | --- | --- | --- | | Cash | 10,000 | Share Capital | 50,000 | | Debtors | 20,000 | Profit & Loss A/c | 30,000 | | Stock | 40,000 | | | | | 70,000 | | 80,000 | What is the amount of the company's total assets?

Answer Options

Correct Answer A. ₦70,000
B. ₦80,000
C. ₦90,000
D. ₦100,000
Correct Answer
A
Correct Option:
₦70,000

About This Question

This is Post Utme Unilag 2019 Accounting Question 13. It is one of the objective questions from the 2019 Post Utme Unilag Accounting examination.

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