Post Utme Ims U 2022 Accounting Question 30

Practice objective / multiple choice question 30 from the 2022 Post Utme Ims U Accounting examination.

Post Utme Ims U 2022 Accounting Objective / Multiple Choice
Question 30 POST_UTME_IMS_U • 2022 • ACCOUNTING • objective

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

Answer Options

Correct Answer A. ₦170,000
B. ₦180,000
C. ₦190,000
D. ₦200,000
Correct Answer
A
Correct Option:
₦170,000

About This Question

This is Post Utme Ims U 2022 Accounting Question 30. It is one of the objective questions from the 2022 Post Utme Ims U Accounting examination.

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