Post Utme Wellspring University 2019 Accounting Question 28

Practice objective / multiple choice question 28 from the 2019 Post Utme Wellspring University Accounting examination.

Post Utme Wellspring University 2019 Accounting Objective / Multiple Choice
Question 28 POST_UTME_WELLSPRING_UNIVERSITY • 2019 • ACCOUNTING • objective

A company's balance sheet shows the following accounts: Cash ₦100,000, Accounts Receivable ₦50,000, Inventory ₦150,000, and Equipment ₦200,000. What is the total amount of assets on the balance sheet?

Answer Options

A. ₦500,000
B. ₦600,000
C. ₦700,000
Correct Answer D. ₦800,000
Correct Answer
D
Correct Option:
₦800,000

About This Question

This is Post Utme Wellspring University 2019 Accounting Question 28. It is one of the objective questions from the 2019 Post Utme Wellspring University Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support