Post Utme Coal City University 2019 Accounting Question 12

Practice objective / multiple choice question 12 from the 2019 Post Utme Coal City University Accounting examination.

Post Utme Coal City University 2019 Accounting Objective / Multiple Choice
Question 12 POST_UTME_COAL_CITY_UNIVERSITY • 2019 • ACCOUNTING • objective

A company uses the double-entry system of accounting. The trial balance shows the following balances: Accounts Payable 12,000, Accounts Receivable 8,000, Common Stock 50,000, and Retained Earnings 25,000. What is the total amount of liabilities?

Answer Options

A. ₦20,000
B. ₦30,000
Correct Answer C. ₦40,000
D. ₦50,000
Correct Answer
C
Correct Option:
₦40,000

About This Question

This is Post Utme Coal City University 2019 Accounting Question 12. It is one of the objective questions from the 2019 Post Utme Coal City University Accounting examination.

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