Post Utme Eksu 2025 Accounting Question 24

Practice objective / multiple choice question 24 from the 2025 Post Utme Eksu Accounting examination.

Post Utme Eksu 2025 Accounting Objective / Multiple Choice
Question 24 POST_UTME_EKSU • 2025 • 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. If the company's total assets are ₦200,000, what is the amount of its total liabilities?

Answer Options

A. ₦120,000
B. ₦150,000
C. ₦180,000
Correct Answer D. ₦200,000
Correct Answer
D
Correct Option:
₦200,000

About This Question

This is Post Utme Eksu 2025 Accounting Question 24. It is one of the objective questions from the 2025 Post Utme Eksu Accounting examination.

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