Post Utme Eksu 2024 Accounting Question 30

Practice objective / multiple choice question 30 from the 2024 Post Utme Eksu Accounting examination.

Post Utme Eksu 2024 Accounting Objective / Multiple Choice
Question 30 POST_UTME_EKSU • 2024 • ACCOUNTING • objective

A company's balance sheet shows a current ratio of 2:1. If the current assets are ₦500,000 and the current liabilities are ₦200,000, what is the total amount of long-term liabilities?

Answer Options

A. ₦300,000
B. ₦400,000
Correct Answer C. ₦500,000
D. ₦600,000
Correct Answer
C
Correct Option:
₦500,000

About This Question

This is Post Utme Eksu 2024 Accounting Question 30. It is one of the objective questions from the 2024 Post Utme Eksu Accounting examination.

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