Post Utme Ims U 2021 Accounting Question 5

Practice objective / multiple choice question 5 from the 2021 Post Utme Ims U Accounting examination.

Post Utme Ims U 2021 Accounting Objective / Multiple Choice
Question 5 POST_UTME_IMS_U • 2021 • ACCOUNTING • objective

A company's balance sheet shows the following: Cash ₦20,000, Accounts Payable ₦50,000, and Common Stock ₦100,000. What is the company's total liabilities?

Answer Options

A. ₦150,000
Correct Answer B. ₦170,000
C. ₦190,000
D. ₦210,000
Correct Answer
B
Correct Option:
₦170,000

About This Question

This is Post Utme Ims U 2021 Accounting Question 5. It is one of the objective questions from the 2021 Post Utme Ims U Accounting examination.

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