Post Utme Christopher University 2020 Accounting Question 21

Practice objective / multiple choice question 21 from the 2020 Post Utme Christopher University Accounting examination.

Post Utme Christopher University 2020 Accounting Objective / Multiple Choice
Question 21 POST_UTME_CHRISTOPHER_UNIVERSITY • 2020 • ACCOUNTING • objective

The following is an extract from the financial statements of a public sector entity: Cash and cash equivalents: ₦1,500,000 Accounts receivable: ₦2,000,000 Prepaid expenses: ₦300,000 Total current assets: ₦3,800,000 What is the amount of the entity's current liabilities?

Answer Options

A. ₦3,800,000
Correct Answer B. ₦4,100,000
C. ₦4,300,000
D. ₦4,500,000
Correct Answer
B
Correct Option:
₦4,100,000

About This Question

This is Post Utme Christopher University 2020 Accounting Question 21. It is one of the objective questions from the 2020 Post Utme Christopher University Accounting examination.

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