Post Utme Futo 2019 Accounting Question 2

Practice objective / multiple choice question 2 from the 2019 Post Utme Futo Accounting examination.

Post Utme Futo 2019 Accounting Objective / Multiple Choice
Question 2 POST_UTME_FUTO • 2019 • ACCOUNTING • objective

A company has the following transactions related to its accounts payable: | Date | Description | Amount | | --- | --- | --- | | Jan 1 | Purchase of goods | ₦100,000 | | Jan 15 | Payment to supplier | ₦80,000 | | Feb 1 | Purchase of goods | ₦120,000 | | Feb 15 | Payment to supplier | ₦90,000 | Determine the amount of accounts payable at the end of February.

Answer Options

A. ₦20,000
B. ₦30,000
Correct Answer C. ₦40,000
D. ₦50,000
Correct Answer
C
Correct Option:
₦40,000

About This Question

This is Post Utme Futo 2019 Accounting Question 2. It is one of the objective questions from the 2019 Post Utme Futo Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support