Post Utme Elizade University 2021 Accounting Question 23

Practice objective / multiple choice question 23 from the 2021 Post Utme Elizade University Accounting examination.

Post Utme Elizade University 2021 Accounting Objective / Multiple Choice
Question 23 POST_UTME_ELIZADE_UNIVERSITY • 2021 • ACCOUNTING • objective

A company uses the double-entry system of accounting. The company's trial balance shows a debit balance of ₦100,000 in the accounts payable account. The company's balance sheet shows a credit balance of ₦150,000 in the accounts payable account. What is the amount of the company's outstanding accounts payable?

Answer Options

A. ₦50,000
B. ₦75,000
C. ₦100,000
Correct Answer D. ₦125,000
Correct Answer
D
Correct Option:
₦125,000

About This Question

This is Post Utme Elizade University 2021 Accounting Question 23. It is one of the objective questions from the 2021 Post Utme Elizade University Accounting examination.

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