Post Utme Eksu 2020 Accounting Question 33

Practice objective / multiple choice question 33 from the 2020 Post Utme Eksu Accounting examination.

Post Utme Eksu 2020 Accounting Objective / Multiple Choice
Question 33 POST_UTME_EKSU • 2020 • ACCOUNTING • objective

A company's balance sheet as at 31st Dec 2020 is as follows: | Assets | ₦ | Liabilities | ₦ | | --- | --- | --- | --- | | Cash | 10,000 | Debentures | 20,000 | | Bank | 15,000 | Share Capital | 30,000 | | Stock | 25,000 | Profit | 5,000 | What is the total amount of liabilities?

Answer Options

A. ₦55,000
B. ₦60,000
C. ₦65,000
Correct Answer D. ₦70,000
Correct Answer
D
Correct Option:
₦70,000

About This Question

This is Post Utme Eksu 2020 Accounting Question 33. It is one of the objective questions from the 2020 Post Utme Eksu Accounting examination.

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