Post Utme Lautech 2019 Accounting Question 27

Practice objective / multiple choice question 27 from the 2019 Post Utme Lautech Accounting examination.

Post Utme Lautech 2019 Accounting Objective / Multiple Choice
Question 27 POST_UTME_LAUTECH • 2019 • ACCOUNTING • objective

A company has a balance sheet date of December 31, 2022. The company's accounts payable as of December 31, 2021, was ₦2,000,000. The company's accounts payable as of December 31, 2022, was ₦1,500,000. What is the decrease in accounts payable?

Answer Options

Correct Answer A. ₦500,000
B. ₦750,000
C. ₦1,000,000
D. ₦1,500,000
Correct Answer
A
Correct Option:
₦500,000

About This Question

This is Post Utme Lautech 2019 Accounting Question 27. It is one of the objective questions from the 2019 Post Utme Lautech Accounting examination.

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