Post Utme Bowen University 2020 Accounting Question 37

Practice objective / multiple choice question 37 from the 2020 Post Utme Bowen University Accounting examination.

Post Utme Bowen University 2020 Accounting Objective / Multiple Choice
Question 37 POST_UTME_BOWEN_UNIVERSITY • 2020 • ACCOUNTING • objective

A company's trial balance as at 31 December 2022 is as follows: Debit Accounts Payable 1,500,000 Salaries Payable 2,000,000 Accrued Expenses 1,800,000 Credit Cash 5,000,000 Accounts Receivable 4,000,000 Salaries Payable 2,000,000 Accrued Expenses 1,800,000 What is the correct balance of the Accounts Payable account?

Answer Options

Correct Answer A. ₦1,500,000
B. ₦2,000,000
C. ₦3,000,000
D. ₦4,000,000
Correct Answer
A
Correct Option:
₦1,500,000

About This Question

This is Post Utme Bowen University 2020 Accounting Question 37. It is one of the objective questions from the 2020 Post Utme Bowen University Accounting examination.

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