Post Utme Unilorin 2017 Accounting Question 21

Practice objective / multiple choice question 21 from the 2017 Post Utme Unilorin Accounting examination.

Post Utme Unilorin 2017 Accounting Objective / Multiple Choice
Question 21 POST_UTME_UNILORIN • 2017 • ACCOUNTING • objective

The following trial balance of a manufacturing company shows the following balances: Cost of Goods Sold, ₦1,500,000; Sales, ₦3,000,000; and Profit, ₦500,000. What is the total value of the company's assets?

Answer Options

A. ₦4,000,000
Correct Answer B. ₦5,000,000
C. ₦6,000,000
D. ₦7,000,000
Correct Answer
B
Correct Option:
₦5,000,000

About This Question

This is Post Utme Unilorin 2017 Accounting Question 21. It is one of the objective questions from the 2017 Post Utme Unilorin Accounting 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