Post Utme Christopher University 2023 Accounting Question 25

Practice objective / multiple choice question 25 from the 2023 Post Utme Christopher University Accounting examination.

Post Utme Christopher University 2023 Accounting Objective / Multiple Choice
Question 25 POST_UTME_CHRISTOPHER_UNIVERSITY • 2023 • ACCOUNTING • objective

A company's balance sheet as at 31st December 2022 is as follows: Assets: ₦100,000 (Cash) ₦50,000 (Accounts Receivable) ₦20,000 (Inventory) Liabilities: ₦80,000 (Accounts Payable) Identify the type of account that is not a current liability.

Answer Options

A. Accounts Payable
B. Notes Payable
Correct Answer C. Long-term Debt
D. Accrued Expenses
Correct Answer
C
Correct Option:
Long-term Debt

About This Question

This is Post Utme Christopher University 2023 Accounting Question 25. It is one of the objective questions from the 2023 Post Utme Christopher University Accounting examination.

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