Post Utme Wellspring University 2021 Accounting Question 40

Practice objective / multiple choice question 40 from the 2021 Post Utme Wellspring University Accounting examination.

Post Utme Wellspring University 2021 Accounting Objective / Multiple Choice
Question 40 POST_UTME_WELLSPRING_UNIVERSITY • 2021 • ACCOUNTING • objective

A company's balance sheet as at 31st December 2020 shows a total equity of ₦ 500,000. The company also has a total liability of ₦ 300,000. What is the total assets of the company?

Answer Options

A. ₦ 800,000
B. ₦ 900,000
Correct Answer C. ₦ 1,000,000
D. ₦ 1,100,000
Correct Answer
C
Correct Option:
₦ 1,000,000

About This Question

This is Post Utme Wellspring University 2021 Accounting Question 40. It is one of the objective questions from the 2021 Post Utme Wellspring University Accounting examination.

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