Post Utme Veritas University 2018 Accounting Question 11

Practice objective / multiple choice question 11 from the 2018 Post Utme Veritas University Accounting examination.

Post Utme Veritas University 2018 Accounting Objective / Multiple Choice
Question 11 POST_UTME_VERITAS_UNIVERSITY • 2018 • ACCOUNTING • objective

A company's trading account for the year ended 31st December 2022 shows a profit of ₦1,500,000. The company's balance sheet as at 31st December 2022 shows a current asset of ₦2,500,000 and a non-current asset of ₦3,000,000. What is the company's total asset value as at 31st December 2022?

Answer Options

A. ₦5,500,000
Correct Answer B. ₦6,000,000
C. ₦5,000,000
D. ₦4,500,000
Correct Answer
B
Correct Option:
₦6,000,000

About This Question

This is Post Utme Veritas University 2018 Accounting Question 11. It is one of the objective questions from the 2018 Post Utme Veritas University Accounting examination.

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