Post Utme Lasu 2020 Accounting Question 20

Practice objective / multiple choice question 20 from the 2020 Post Utme Lasu Accounting examination.

Post Utme Lasu 2020 Accounting Objective / Multiple Choice
Question 20 POST_UTME_LASU • 2020 • ACCOUNTING • objective

A company's balance sheet as of December 31, 2020, showed the following: Cash ₦100,000, Accounts Payable ₦150,000, and Common Stock ₦200,000. What was the company's total liabilities and equity as of December 31, 2020?

Answer Options

A. ₦450,000
B. ₦550,000
Correct Answer C. ₦650,000
D. ₦750,000
Correct Answer
C
Correct Option:
₦650,000

About This Question

This is Post Utme Lasu 2020 Accounting Question 20. It is one of the objective questions from the 2020 Post Utme Lasu Accounting examination.

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