Post Utme Lautech 2021 Accounting Question 20

Practice objective / multiple choice question 20 from the 2021 Post Utme Lautech Accounting examination.

Post Utme Lautech 2021 Accounting Objective / Multiple Choice
Question 20 POST_UTME_LAUTECH • 2021 • ACCOUNTING • objective

A company has the following control accounts: Cash: ₦50,000, Accounts Payable: ₦80,000. Prepare a statement of financial position.

Answer Options

Correct Answer A. ₦50,000, ₦80,000
B. ₦80,000, ₦50,000
C. ₦50,000, ₦120,000
D. ₦120,000, ₦50,000
Correct Answer
A
Correct Option:
₦50,000, ₦80,000

About This Question

This is Post Utme Lautech 2021 Accounting Question 20. It is one of the objective questions from the 2021 Post Utme Lautech Accounting examination.

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