Post Utme Wellspring University 2018 Accounting Question 40

Practice objective / multiple choice question 40 from the 2018 Post Utme Wellspring University Accounting examination.

Post Utme Wellspring University 2018 Accounting Objective / Multiple Choice
Question 40 POST_UTME_WELLSPRING_UNIVERSITY • 2018 • ACCOUNTING • objective

A company's trial balance shows the following accounts: Accounts Payable ₦50,000, Sales Revenue ₦150,000, Cost of Goods Sold ₦80,000, and Common Stock ₦100,000. What is the total amount of assets?

Answer Options

A. ₦230,000
B. ₦240,000
Correct Answer C. ₦250,000
D. ₦260,000
Correct Answer
C
Correct Option:
₦250,000

About This Question

This is Post Utme Wellspring University 2018 Accounting Question 40. It is one of the objective questions from the 2018 Post Utme Wellspring University Accounting examination.

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