Post Utme Unilorin 2021 Accounting Question 3

Practice objective / multiple choice question 3 from the 2021 Post Utme Unilorin Accounting examination.

Post Utme Unilorin 2021 Accounting Objective / Multiple Choice
Question 3 POST_UTME_UNILORIN • 2021 • ACCOUNTING • objective

A company's trial balance shows the following accounts: Accounts Payable ₦50,000, Sales Revenue ₦200,000, Cost of Goods Sold ₦150,000, and Common Stock ₦100,000. What is the total amount of assets?

Answer Options

A. ₦300,000
Correct Answer B. ₦350,000
C. ₦400,000
D. ₦450,000
Correct Answer
B
Correct Option:
₦350,000

About This Question

This is Post Utme Unilorin 2021 Accounting Question 3. It is one of the objective questions from the 2021 Post Utme Unilorin Accounting examination.

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