Post Utme Madonna University 2018 Accounting Question 34

Practice objective / multiple choice question 34 from the 2018 Post Utme Madonna University Accounting examination.

Post Utme Madonna University 2018 Accounting Objective / Multiple Choice
Question 34 POST_UTME_MADONNA_UNIVERSITY • 2018 • ACCOUNTING • objective

A company's trial balance as at 31st December, 2018 is as follows: Debtors: ₦100,000 Creditors: ₦50,000 Capital: ₦200,000 Profit: ₦30,000 What is the total amount of liabilities of the company?

Answer Options

A. ₦280,000
B. ₦280,000
C. ₦280,000
Correct Answer D. ₦280,000
Correct Answer
D
Correct Option:
₦280,000

About This Question

This is Post Utme Madonna University 2018 Accounting Question 34. It is one of the objective questions from the 2018 Post Utme Madonna University Accounting examination.

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