Post Utme Lautech 2020 Accounting Question 39

Practice objective / multiple choice question 39 from the 2020 Post Utme Lautech Accounting examination.

Post Utme Lautech 2020 Accounting Objective / Multiple Choice
Question 39 POST_UTME_LAUTECH • 2020 • ACCOUNTING • objective

A company uses the accrual basis of accounting. If the company has a balance of ₦50,000 in the accounts payable account and the company pays ₦20,000 to its suppliers, what is the new balance in the accounts payable account?

Answer Options

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

About This Question

This is Post Utme Lautech 2020 Accounting Question 39. It is one of the objective questions from the 2020 Post Utme Lautech Accounting examination.

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