Post Utme Abu 2024 Accounting Question 34

Practice objective / multiple choice question 34 from the 2024 Post Utme Abu Accounting examination.

Post Utme Abu 2024 Accounting Objective / Multiple Choice
Question 34 POST_UTME_ABU • 2024 • ACCOUNTING • objective

A company's balance sheet shows the following accounts: Cash ₦50,000, Accounts Payable ₦30,000, and Common Stock ₦100,000. What is the company's total liabilities?

Answer Options

A. ₦60,000
Correct Answer B. ₦70,000
C. ₦80,000
D. ₦90,000
Correct Answer
B
Correct Option:
₦70,000

About This Question

This is Post Utme Abu 2024 Accounting Question 34. It is one of the objective questions from the 2024 Post Utme Abu Accounting examination.

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