Post Utme Unn 2022 Accounting Question 36

Practice objective / multiple choice question 36 from the 2022 Post Utme Unn Accounting examination.

Post Utme Unn 2022 Accounting Objective / Multiple Choice
Question 36 POST_UTME_UNN • 2022 • ACCOUNTING • objective

A company uses the double entry system to record its transactions. The company's trial balance shows the following balances: Cash 10,000, Accounts Payable 5,000, Common Stock 20,000, and Retained Earnings 15,000. What is the total amount of the company's assets?

Answer Options

A. 35,000
B. 40,000
C. 45,000
Correct Answer D. 50,000
Correct Answer
D
Correct Option:
50,000

About This Question

This is Post Utme Unn 2022 Accounting Question 36. It is one of the objective questions from the 2022 Post Utme Unn Accounting examination.

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