Post Utme Ims U 2019 Accounting Question 5

Practice objective / multiple choice question 5 from the 2019 Post Utme Ims U Accounting examination.

Post Utme Ims U 2019 Accounting Objective / Multiple Choice
Question 5 POST_UTME_IMS_U • 2019 • ACCOUNTING • objective

A company's balance sheet shows the following balances: Cash ₦50,000, Accounts Payable ₦50,000, Sales Revenue ₦200,000, Cost of Goods Sold ₦150,000, and Common Stock ₦100,000. What is the total amount of liabilities?

Answer Options

Correct Answer A. ₦100,000
B. ₦150,000
C. ₦200,000
D. ₦250,000
Correct Answer
A
Correct Option:
₦100,000

About This Question

This is Post Utme Ims U 2019 Accounting Question 5. It is one of the objective questions from the 2019 Post Utme Ims U Accounting examination.

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