Post Utme Veritas University 2025 Accounting Question 8

Practice objective / multiple choice question 8 from the 2025 Post Utme Veritas University Accounting examination.

Post Utme Veritas University 2025 Accounting Objective / Multiple Choice
Question 8 POST_UTME_VERITAS_UNIVERSITY • 2025 • ACCOUNTING • objective

A company's trial balance shows the following accounts: Accounts Payable ₦50,000, Sales Revenue ₦200,000, Cost of Goods Sold ₦150,000, and Common Stock ₦100,000. What is the total amount of assets?

Answer Options

A. ₦250,000
B. ₦300,000
C. ₦350,000
Correct Answer D. ₦400,000
Correct Answer
D
Correct Option:
₦400,000

About This Question

This is Post Utme Veritas University 2025 Accounting Question 8. It is one of the objective questions from the 2025 Post Utme Veritas University Accounting examination.

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