Post Utme Igbinedion University 2022 Accounting Question 20

Practice objective / multiple choice question 20 from the 2022 Post Utme Igbinedion University Accounting examination.

Post Utme Igbinedion University 2022 Accounting Objective / Multiple Choice
Question 20 POST_UTME_IGBINEDION_UNIVERSITY • 2022 • ACCOUNTING • objective

A company's balance sheet shows the following information: Cash ₦50,000, Accounts Payable ₦30,000, and Common Stock ₦100,000. What is the company's total liabilities?

Answer Options

Correct Answer A. ₦80,000
B. ₦90,000
C. ₦100,000
D. ₦110,000
Correct Answer
A
Correct Option:
₦80,000

About This Question

This is Post Utme Igbinedion University 2022 Accounting Question 20. It is one of the objective questions from the 2022 Post Utme Igbinedion University Accounting examination.

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