Post Utme Covenant University 2023 Accounting Question 38

Practice objective / multiple choice question 38 from the 2023 Post Utme Covenant University Accounting examination.

Post Utme Covenant University 2023 Accounting Objective / Multiple Choice
Question 38 POST_UTME_COVENANT_UNIVERSITY • 2023 • ACCOUNTING • objective

A company's trial balance shows the following accounts: Cash ₦50,000, Accounts Payable ₦20,000, Common Stock ₦100,000, and Retained Earnings ₦30,000. What is the company's total liabilities?

Answer Options

A. ₦50,000
Correct Answer B. ₦60,000
C. ₦70,000
D. ₦80,000
Correct Answer
B
Correct Option:
₦60,000

About This Question

This is Post Utme Covenant University 2023 Accounting Question 38. It is one of the objective questions from the 2023 Post Utme Covenant University Accounting examination.

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