Post Utme Joseph Ayo Babalola University 2025 Accounting Question 4

Practice objective / multiple choice question 4 from the 2025 Post Utme Joseph Ayo Babalola University Accounting examination.

Post Utme Joseph Ayo Babalola University 2025 Accounting Objective / Multiple Choice
Question 4 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2025 • ACCOUNTING • objective

A company's balance sheet shows the following balances: Cash ₦150,000, Accounts Receivable ₦90,000, Inventory ₦120,000, Prepaid Rent ₦30,000, Property, Plant, and Equipment ₦500,000, Accumulated Depreciation ₦100,000, and Total Liabilities and Equity ₦1,200,000. What is the total amount of liabilities?

Answer Options

A. ₦600,000
B. ₦700,000
Correct Answer C. ₦800,000
D. ₦900,000
Correct Answer
C
Correct Option:
₦800,000

About This Question

This is Post Utme Joseph Ayo Babalola University 2025 Accounting Question 4. It is one of the objective questions from the 2025 Post Utme Joseph Ayo Babalola University Accounting examination.

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