Post Utme Joseph Ayo Babalola University 2023 Accounting Question 37

Practice objective / multiple choice question 37 from the 2023 Post Utme Joseph Ayo Babalola University Accounting examination.

Post Utme Joseph Ayo Babalola University 2023 Accounting Objective / Multiple Choice
Question 37 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2023 • ACCOUNTING • objective

A company uses the accrual method of accounting. If the company's accounts payable balance as of December 31, 2022, is ₦150,000 and the company's accounts payable balance as of December 31, 2021, is ₦100,000, what is the change in accounts payable for the year?

Answer Options

A. ₦50,000
B. ₦75,000
Correct Answer C. ₦100,000
D. ₦125,000
Correct Answer
C
Correct Option:
₦100,000

About This Question

This is Post Utme Joseph Ayo Babalola University 2023 Accounting Question 37. It is one of the objective questions from the 2023 Post Utme Joseph Ayo Babalola University Accounting examination.

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