Post Utme Abu 2017 Accounting Question 30

Practice objective / multiple choice question 30 from the 2017 Post Utme Abu Accounting examination.

Post Utme Abu 2017 Accounting Objective / Multiple Choice
Question 30 POST_UTME_ABU • 2017 • ACCOUNTING • objective

A company's trial balance shows a debit balance of ₦1,000,000 in the accounts payable account. What is the effect on the company's balance sheet?

Answer Options

A. Increase in current assets
B. Decrease in current liabilities
Correct Answer C. Increase in current liabilities
D. Decrease in current assets
Correct Answer
C
Correct Option:
Increase in current liabilities

About This Question

This is Post Utme Abu 2017 Accounting Question 30. It is one of the objective questions from the 2017 Post Utme Abu Accounting examination.

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