Post Utme Bsu 2017 Accounting Question 23

Practice objective / multiple choice question 23 from the 2017 Post Utme Bsu Accounting examination.

Post Utme Bsu 2017 Accounting Objective / Multiple Choice
Question 23 POST_UTME_BSU • 2017 • ACCOUNTING • objective

A company uses the accrual method of accounting. On December 31, 2022, it had the following accounts: Accounts Payable ₦100,000, Accounts Receivable ₦150,000, and Sales Revenue ₦500,000. What is the total amount of current liabilities?

Answer Options

A. ₦250,000
Correct Answer B. ₦300,000
C. ₦350,000
D. ₦400,000
Correct Answer
B
Correct Option:
₦300,000

About This Question

This is Post Utme Bsu 2017 Accounting Question 23. It is one of the objective questions from the 2017 Post Utme Bsu Accounting examination.

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