Post Utme Christopher University 2024 Accounting Question 34

Practice objective / multiple choice question 34 from the 2024 Post Utme Christopher University Accounting examination.

Post Utme Christopher University 2024 Accounting Objective / Multiple Choice
Question 34 POST_UTME_CHRISTOPHER_UNIVERSITY • 2024 • ACCOUNTING • objective

A company's balance sheet shows the following balances: Cash ₦50,000, Accounts Payable ₦100,000, Common Stock ₦300,000, and Retained Earnings ₦200,000. What is the total amount of liabilities and equity?

Answer Options

A. ₦650,000
Correct Answer B. ₦700,000
C. ₦750,000
D. ₦800,000
Correct Answer
B
Correct Option:
₦700,000

About This Question

This is Post Utme Christopher University 2024 Accounting Question 34. It is one of the objective questions from the 2024 Post Utme Christopher University Accounting examination.

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