Post Utme Covenant University 2020 Accounting Question 5

Practice objective / multiple choice question 5 from the 2020 Post Utme Covenant University Accounting examination.

Post Utme Covenant University 2020 Accounting Objective / Multiple Choice
Question 5 POST_UTME_COVENANT_UNIVERSITY • 2020 • ACCOUNTING • objective

A company's trial balance shows the following balances: Accounts Payable ₦50,000, Accounts Receivable ₦30,000, and Common Stock ₦100,000. What is the total value of the company's liabilities and equity?

Answer Options

Correct Answer A. ₦180,000
B. ₦180,000
C. ₦180,000
D. ₦180,000
Correct Answer
A
Correct Option:
₦180,000

About This Question

This is Post Utme Covenant University 2020 Accounting Question 5. It is one of the objective questions from the 2020 Post Utme Covenant University Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support