Post Utme Ksu 2021 Accounting Question 9

Practice objective / multiple choice question 9 from the 2021 Post Utme Ksu Accounting examination.

Post Utme Ksu 2021 Accounting Objective / Multiple Choice
Question 9 POST_UTME_KSU • 2021 • ACCOUNTING • objective

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

Answer Options

A. ₦30,000
B. ₦40,000
Correct Answer C. ₦50,000
D. ₦60,000
Correct Answer
C
Correct Option:
₦50,000

About This Question

This is Post Utme Ksu 2021 Accounting Question 9. It is one of the objective questions from the 2021 Post Utme Ksu Accounting examination.

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