Post Utme Greenfield University 2023 Accounting Question 17

Practice objective / multiple choice question 17 from the 2023 Post Utme Greenfield University Accounting examination.

Post Utme Greenfield University 2023 Accounting Objective / Multiple Choice
Question 17 POST_UTME_GREENFIELD_UNIVERSITY • 2023 • ACCOUNTING • objective

A company has the following ledger balances: Cash 100,000, Accounts Payable 50,000, Common Stock 200,000. If the company's total assets are 300,000, what is the amount of its total liabilities?

Answer Options

A. ₦150,000
Correct Answer B. ₦200,000
C. ₦250,000
D. ₦300,000
Correct Answer
B
Correct Option:
₦200,000

About This Question

This is Post Utme Greenfield University 2023 Accounting Question 17. It is one of the objective questions from the 2023 Post Utme Greenfield University Accounting examination.

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