Post Utme Afe Babalola University 2023 Accounting Question 30

Practice objective / multiple choice question 30 from the 2023 Post Utme Afe Babalola University Accounting examination.

Post Utme Afe Babalola University 2023 Accounting Objective / Multiple Choice
Question 30 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2023 • ACCOUNTING • objective

A company's balance sheet as at 31st December 2022 is as follows: | Assets | ₦ | Liabilities | ₦ | | --- | --- | --- | --- | | Cash | 50,000 | Debentures | 100,000 | | Stock | 150,000 | Bank Loan | 200,000 | | Debtors | 50,000 | Share Capital | 300,000 | | Creditors | 20,000 | | | What is the total amount of liabilities?

Answer Options

A. ₦510,000
B. ₦520,000
Correct Answer C. ₦530,000
D. ₦540,000
Correct Answer
C
Correct Option:
₦530,000

About This Question

This is Post Utme Afe Babalola University 2023 Accounting Question 30. It is one of the objective questions from the 2023 Post Utme Afe Babalola University Accounting examination.

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