Post Utme Afe Babalola University 2017 Accounting Question 32

Practice objective / multiple choice question 32 from the 2017 Post Utme Afe Babalola University Accounting examination.

Post Utme Afe Babalola University 2017 Accounting Objective / Multiple Choice
Question 32 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2017 • ACCOUNTING • objective

A company's balance sheet shows the following balances: Cash ₦20,000, Accounts Receivable ₦50,000, Inventory ₦100,000, and Total Assets ₦250,000. What is the amount of Total Liabilities?

Answer Options

A. ₦150,000
B. ₦175,000
C. ₦200,000
Correct Answer D. ₦225,000
Correct Answer
D
Correct Option:
₦225,000

About This Question

This is Post Utme Afe Babalola University 2017 Accounting Question 32. It is one of the objective questions from the 2017 Post Utme Afe Babalola University Accounting examination.

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