Post Utme Unilag 2020 Commerce Question 21

Practice objective / multiple choice question 21 from the 2020 Post Utme Unilag Commerce examination.

Post Utme Unilag 2020 Commerce Objective / Multiple Choice
Question 21 POST_UTME_UNILAG • 2020 • COMMERCE • objective

A sole trader has the following assets: a cash balance of ₦200,000, accounts receivable of ₦300,000, inventory of ₦400,000, and a building worth ₦1,000,000. What is the total value of the assets?

Answer Options

A. ₦2,000,000
B. ₦2,200,000
C. ₦2,300,000
Correct Answer D. ₦2,400,000
Correct Answer
D
Correct Option:
₦2,400,000

About This Question

This is Post Utme Unilag 2020 Commerce Question 21. It is one of the objective questions from the 2020 Post Utme Unilag Commerce examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support