Post Utme Lautech 2017 Accounting Question 29

Practice objective / multiple choice question 29 from the 2017 Post Utme Lautech Accounting examination.

Post Utme Lautech 2017 Accounting Objective / Multiple Choice
Question 29 POST_UTME_LAUTECH • 2017 • ACCOUNTING • objective

A company has the following ledger balances: Accounts Payable 50,000, Common Stock 100,000, Retained Earnings 200,000 What is the total amount of the company's liabilities?

Answer Options

A. 150,000
Correct Answer B. 200,000
C. 250,000
D. 300,000
Correct Answer
B
Correct Option:
200,000

About This Question

This is Post Utme Lautech 2017 Accounting Question 29. It is one of the objective questions from the 2017 Post Utme Lautech Accounting examination.

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