Post Utme Covenant University 2023 Accounting Question 16
Practice objective / multiple choice question 16 from the 2023 Post Utme Covenant University Accounting examination.
A company uses the single-entry system of accounting. The company's trial balance as at 31st December 2022 shows the following balances: Cash 10,000, Accounts Payable 5,000, Common Stock 20,000, and Retained Earnings 15,000. The company also has a note payable of 8,000. What is the company's total liabilities as at 31st December 2022?
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This is Post Utme Covenant University 2023 Accounting Question 16. It is one of the objective questions from the 2023 Post Utme Covenant University Accounting examination.
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