Post Utme Uniport 2023 Accounting Question 18

Practice objective / multiple choice question 18 from the 2023 Post Utme Uniport Accounting examination.

Post Utme Uniport 2023 Accounting Objective / Multiple Choice
Question 18 POST_UTME_UNIPORT • 2023 • ACCOUNTING • objective

A company has the following balance sheet as at 31st December 2022: ₦100,000 in cash, ₦150,000 in accounts receivable, ₦80,000 in inventory, ₦120,000 in property, plant and equipment, and ₦50,000 in long-term debt. Calculate the total assets of the company.

Answer Options

A. ₦450,000
B. ₦500,000
Correct Answer C. ₦550,000
D. ₦600,000
Correct Answer
C
Correct Option:
₦550,000

About This Question

This is Post Utme Uniport 2023 Accounting Question 18. It is one of the objective questions from the 2023 Post Utme Uniport Accounting examination.

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