Post Utme Joseph Ayo Babalola University 2024 Accounting Question 34

Practice objective / multiple choice question 34 from the 2024 Post Utme Joseph Ayo Babalola University Accounting examination.

Post Utme Joseph Ayo Babalola University 2024 Accounting Objective / Multiple Choice
Question 34 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2024 • ACCOUNTING • objective

A company uses the accrual basis of accounting. If the company has accounts payable of ₦100,000 and accounts receivable of ₦80,000, what is the net amount of current liabilities?

Answer Options

Correct Answer A. ₦20,000
B. ₦30,000
C. ₦40,000
D. ₦50,000
Correct Answer
A
Correct Option:
₦20,000

About This Question

This is Post Utme Joseph Ayo Babalola University 2024 Accounting Question 34. It is one of the objective questions from the 2024 Post Utme Joseph Ayo Babalola University Accounting examination.

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