Post Utme Greenfield University 2017 Accounting Question 28

Practice objective / multiple choice question 28 from the 2017 Post Utme Greenfield University Accounting examination.

Post Utme Greenfield University 2017 Accounting Objective / Multiple Choice
Question 28 POST_UTME_GREENFIELD_UNIVERSITY • 2017 • ACCOUNTING • objective

A company uses the single-entry system of accounting. The company's trial balance as at December 31, 2022, shows the following balances: Cash ₥ 500,000, Accounts Payable ₥ 200,000, and Common Stock ₥ 300,000. What is the company's total liabilities as at December 31, 2022?

Answer Options

A. ₥ 200,000
Correct Answer B. ₥ 300,000
C. ₥ 400,000
D. ₥ 500,000
Correct Answer
B
Correct Option:
₥ 300,000

About This Question

This is Post Utme Greenfield University 2017 Accounting Question 28. It is one of the objective questions from the 2017 Post Utme Greenfield University Accounting examination.

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