Post Utme Afe Babalola University 2017 Accounting Question 31

Practice objective / multiple choice question 31 from the 2017 Post Utme Afe Babalola University Accounting examination.

Post Utme Afe Babalola University 2017 Accounting Objective / Multiple Choice
Question 31 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2017 • ACCOUNTING • objective

A company uses the accrual method of accounting. If the company's accounts payable balance at the beginning of the year is ₦30,000 and the company purchases goods worth ₦100,000 during the year, what is the amount to be recorded as accounts payable at the end of the year?

Answer Options

A. ₦40,000
B. ₦50,000
Correct Answer C. ₦60,000
D. ₦70,000
Correct Answer
C
Correct Option:
₦60,000

About This Question

This is Post Utme Afe Babalola University 2017 Accounting Question 31. It is one of the objective questions from the 2017 Post Utme Afe Babalola University Accounting examination.

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