Post Utme Aaua 2019 Accounting Question 25

Practice objective / multiple choice question 25 from the 2019 Post Utme Aaua Accounting examination.

Post Utme Aaua 2019 Accounting Objective / Multiple Choice
Question 25 POST_UTME_AAUA • 2019 • ACCOUNTING • objective

A company's balance sheet shows the following accounts: Cash ₦50,000, Accounts Payable ₦20,000, Common Stock ₦100,000, and Retained Earnings ₦50,000. What is the company's total liabilities and equity?

Answer Options

A. ₦150,000
B. ₦200,000
Correct Answer C. ₦250,000
D. ₦300,000
Correct Answer
C
Correct Option:
₦250,000

About This Question

This is Post Utme Aaua 2019 Accounting Question 25. It is one of the objective questions from the 2019 Post Utme Aaua Accounting examination.

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