Post Utme Covenant University 2025 Accounting Question 35

Practice objective / multiple choice question 35 from the 2025 Post Utme Covenant University Accounting examination.

Post Utme Covenant University 2025 Accounting Objective / Multiple Choice
Question 35 POST_UTME_COVENANT_UNIVERSITY • 2025 • ACCOUNTING • objective

A company's trial balance showed the following balances: Cash ₦100,000, Accounts Payable ₦50,000, and Common Stock ₦200,000. If the company's total assets were ₦300,000, what is the total amount of liabilities?

Answer Options

A. ₦150,000
B. ₦200,000
Correct Answer C. ₦250,000
D. ₦300,000
Correct Answer
C
Correct Option:
₦250,000

About This Question

This is Post Utme Covenant University 2025 Accounting Question 35. It is one of the objective questions from the 2025 Post Utme Covenant University Accounting examination.

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