Post Utme Al Hikmah University 2020 Accounting Question 35

Practice objective / multiple choice question 35 from the 2020 Post Utme Al Hikmah University Accounting examination.

Post Utme Al Hikmah University 2020 Accounting Objective / Multiple Choice
Question 35 POST_UTME_AL-HIKMAH_UNIVERSITY • 2020 • ACCOUNTING • objective

A company's trial balance showed the following balances: Accounts Payable 5,000, Accounts Receivable 10,000, Common Stock 30,000, and Retained Earnings 15,000. What is the total amount of the company's liabilities?

Answer Options

A. ₦30,000
B. ₦35,000
Correct Answer C. ₦40,000
D. ₦45,000
Correct Answer
C
Correct Option:
₦40,000

About This Question

This is Post Utme Al Hikmah University 2020 Accounting Question 35. It is one of the objective questions from the 2020 Post Utme Al Hikmah University Accounting examination.

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