Post Utme Christopher University 2023 Accounting Question 15

Practice objective / multiple choice question 15 from the 2023 Post Utme Christopher University Accounting examination.

Post Utme Christopher University 2023 Accounting Objective / Multiple Choice
Question 15 POST_UTME_CHRISTOPHER_UNIVERSITY • 2023 • ACCOUNTING • objective

A company's trial balance shows a debit balance of ₦1,200,000 in the accounts payable account. What is the effect on the company's balance sheet?

Answer Options

A. Increase in assets
Correct Answer B. Increase in liabilities
C. Decrease in assets
D. Decrease in liabilities
Correct Answer
B
Correct Option:
Increase in liabilities

About This Question

This is Post Utme Christopher University 2023 Accounting Question 15. It is one of the objective questions from the 2023 Post Utme Christopher University Accounting examination.

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