Post Utme Veritas University 2017 Accounting Question 17

Practice objective / multiple choice question 17 from the 2017 Post Utme Veritas University Accounting examination.

Post Utme Veritas University 2017 Accounting Objective / Multiple Choice
Question 17 POST_UTME_VERITAS_UNIVERSITY • 2017 • ACCOUNTING • objective

A company's trial balance shows the following accounts: Accounts Payable (₦100,000), Accounts Receivable (₦80,000), Common Stock (₦200,000), and Retained Earnings (₦150,000). What is the total amount of assets?

Answer Options

A. ₦430,000
Correct Answer B. ₦450,000
C. ₦470,000
D. ₦490,000
Correct Answer
B
Correct Option:
₦450,000

About This Question

This is Post Utme Veritas University 2017 Accounting Question 17. It is one of the objective questions from the 2017 Post Utme Veritas University Accounting examination.

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