Post Utme Madonna University 2017 Accounting Question 32

Practice objective / multiple choice question 32 from the 2017 Post Utme Madonna University Accounting examination.

Post Utme Madonna University 2017 Accounting Objective / Multiple Choice
Question 32 POST_UTME_MADONNA_UNIVERSITY • 2017 • ACCOUNTING • objective

A company's balance sheet as at 31st Dec is as follows: | Assets | ₦ | Liabilities | ₦ | | --- | --- | --- | --- | | Cash | 10,000 | Debentures | 20,000 | | Bank | 15,000 | Share Capital | 30,000 | | Stock | 25,000 | Profit & Loss | 10,000 | What is the total amount of liabilities?

Answer Options

A. ₦60,000
B. ₦65,000
Correct Answer C. ₦70,000
D. ₦75,000
Correct Answer
C
Correct Option:
₦70,000

About This Question

This is Post Utme Madonna University 2017 Accounting Question 32. It is one of the objective questions from the 2017 Post Utme Madonna University Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support