Post Utme Caleb University 2025 Accounting Question 23

Practice objective / multiple choice question 23 from the 2025 Post Utme Caleb University Accounting examination.

Post Utme Caleb University 2025 Accounting Objective / Multiple Choice
Question 23 POST_UTME_CALEB_UNIVERSITY • 2025 • ACCOUNTING • objective

A company's balance sheet as at 31st December 2024 shows the following: | Assets | ₦ | Liabilities | ₦ | | --- | --- | --- | --- | | Cash | 50,000 | Bank Loan | 100,000 | | Debtors | 150,000 | Share Capital | 200,000 | | Stock | 100,000 | Retained Earnings | 50,000 | What is the total amount of liabilities?

Answer Options

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

About This Question

This is Post Utme Caleb University 2025 Accounting Question 23. It is one of the objective questions from the 2025 Post Utme Caleb University Accounting examination.

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