Post Utme Covenant University 2019 Accounting Question 18

Practice objective / multiple choice question 18 from the 2019 Post Utme Covenant University Accounting examination.

Post Utme Covenant University 2019 Accounting Objective / Multiple Choice
Question 18 POST_UTME_COVENANT_UNIVERSITY • 2019 • ACCOUNTING • objective

A company's balance sheet as at 31st December 2022 is as follows: Assets: Cash 100,000 Debtors 200,000 Stock 300,000 Total Assets 600,000 Liabilities: Creditors 150,000 Capital 450,000 Total Liabilities 600,000 What is the ratio of capital to total liabilities?

Answer Options

Correct Answer A. 1:1
B. 2:3
C. 3:5
D. 5:7
Correct Answer
A
Correct Option:
1:1

About This Question

This is Post Utme Covenant University 2019 Accounting Question 18. It is one of the objective questions from the 2019 Post Utme Covenant University Accounting examination.

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