Post Utme Unilorin 2021 Accounting Question 33

Practice objective / multiple choice question 33 from the 2021 Post Utme Unilorin Accounting examination.

Post Utme Unilorin 2021 Accounting Objective / Multiple Choice
Question 33 POST_UTME_UNILORIN • 2021 • ACCOUNTING • objective

A company's balance sheet as at December 31, 2020, is as follows: | Assets | ₦ | Liabilities | ₦ | | --- | --- | --- | --- | | Cash | 10,000 | Debentures | 50,000 | | Bank | 20,000 | Share Capital | 100,000 | | Stock | 30,000 | Profit | 20,000 | | | | | 60,000 | What is the total amount of the company's assets?

Answer Options

A. ₦60,000
B. ₦80,000
Correct Answer C. ₦100,000
D. ₦120,000
Correct Answer
C
Correct Option:
₦100,000

About This Question

This is Post Utme Unilorin 2021 Accounting Question 33. It is one of the objective questions from the 2021 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