Post Utme Bowen University 2020 Accounting Question 10

Practice objective / multiple choice question 10 from the 2020 Post Utme Bowen University Accounting examination.

Post Utme Bowen University 2020 Accounting Objective / Multiple Choice
Question 10 POST_UTME_BOWEN_UNIVERSITY • 2020 • ACCOUNTING • objective

A company's balance sheet shows the following: | Assets | ₦ | Liabilities | ₦ | | --- | --- | --- | --- | | Cash | 10,000 | Bank Loan | 20,000 | | Debtors | 15,000 | Share Capital | 30,000 | | Stock | 20,000 | Retained Earnings | 25,000 | What is the total amount of liabilities?

Answer Options

A. ₦75,000
B. ₦80,000
C. ₦85,000
Correct Answer D. ₦90,000
Correct Answer
D
Correct Option:
₦90,000

About This Question

This is Post Utme Bowen University 2020 Accounting Question 10. It is one of the objective questions from the 2020 Post Utme Bowen University Accounting examination.

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