Post Utme Unilorin 2020 Accounting Question 18

Practice objective / multiple choice question 18 from the 2020 Post Utme Unilorin Accounting examination.

Post Utme Unilorin 2020 Accounting Objective / Multiple Choice
Question 18 POST_UTME_UNILORIN • 2020 • ACCOUNTING • objective

A company's trial balance shows the following balances: Accounts Payable ₦50,000, Accounts Receivable ₦30,000, Common Stock ₦100,000, and Retained Earnings ₦20,000. What is the total amount of assets and liabilities?

Answer Options

A. ₦150,000
Correct Answer B. ₦200,000
C. ₦250,000
D. ₦300,000
Correct Answer
B
Correct Option:
₦200,000

About This Question

This is Post Utme Unilorin 2020 Accounting Question 18. It is one of the objective questions from the 2020 Post Utme Unilorin Accounting examination.

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