Post Utme Igbinedion University 2020 Accounting Question 39
Practice objective / multiple choice question 39 from the 2020 Post Utme Igbinedion University Accounting examination.
A company's ledger accounts show the following balances: Accounts Payable ₦150,000, Accounts Receivable ₦200,000, Common Stock ₦500,000, Dividends ₦20,000, Equipment ₦300,000, Interest Expense ₦15,000, Interest Income ₦12,000, Net Income ₦100,000, Prepaid Rent ₦25,000, Salaries Expense ₦50,000, Sales Revenue ₦750,000, Taxes Payable ₦30,000, and Utilities Expense ₦10,000. What is the company's total liabilities?
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About This Question
This is Post Utme Igbinedion University 2020 Accounting Question 39. It is one of the objective questions from the 2020 Post Utme Igbinedion University Accounting examination.
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