Post Utme Bsu 2023 Accounting Question 24

Practice objective / multiple choice question 24 from the 2023 Post Utme Bsu Accounting examination.

Post Utme Bsu 2023 Accounting Objective / Multiple Choice
Question 24 POST_UTME_BSU • 2023 • ACCOUNTING • objective

A company's balance sheet as at 31st December 2022 is as follows: | Assets | ₦ | Liabilities | ₦ | | --- | --- | --- | --- | | Cash | 10,000 | Debentures | 50,000 | | Bank | 20,000 | Share Capital | 100,000 | | Stock | 30,000 | Profit | 20,000 | What is the company's current ratio?

Answer Options

A. 1:1
Correct Answer B. 1:2
C. 2:1
D. 3:1
Correct Answer
B
Correct Option:
1:2

About This Question

This is Post Utme Bsu 2023 Accounting Question 24. It is one of the objective questions from the 2023 Post Utme Bsu Accounting examination.

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