Post Utme Madonna University 2020 Accounting Question 20

Practice objective / multiple choice question 20 from the 2020 Post Utme Madonna University Accounting examination.

Post Utme Madonna University 2020 Accounting Objective / Multiple Choice
Question 20 POST_UTME_MADONNA_UNIVERSITY • 2020 • ACCOUNTING • objective

A company has the following ledger accounts: Cash 10,000; Accounts Receivable 20,000; Inventory 30,000; Prepaid Rent 40,000. What is the company's total liabilities?

Answer Options

A. 50,000
Correct Answer B. 60,000
C. 70,000
D. 80,000
Correct Answer
B
Correct Option:
60,000

About This Question

This is Post Utme Madonna University 2020 Accounting Question 20. It is one of the objective questions from the 2020 Post Utme Madonna University Accounting examination.

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