Post Utme Madonna University 2021 Accounting Question 20

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

Post Utme Madonna University 2021 Accounting Objective / Multiple Choice
Question 20 POST_UTME_MADONNA_UNIVERSITY • 2021 • ACCOUNTING • objective

A company's balance sheet as at 31st December 2020 is as follows: | Assets | | Liabilities | | Equity | | --- | --- | --- | --- | --- | | | ₦ 100,000 | | ₦ 50,000 | | ₦ 20,000 | | | ₦ 150,000 | | ₦ 70,000 | | ₦ 30,000 | What is the total amount of liabilities?

Answer Options

A. ₦120,000
B. ₦130,000
C. ₦140,000
Correct Answer D. ₦150,000
Correct Answer
D
Correct Option:
₦150,000

About This Question

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

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