Post Utme Madonna University 2023 Accounting Question 35

Practice objective / multiple choice question 35 from the 2023 Post Utme Madonna University Accounting examination.

Post Utme Madonna University 2023 Accounting Objective / Multiple Choice
Question 35 POST_UTME_MADONNA_UNIVERSITY • 2023 • ACCOUNTING • objective

A company's balance sheet as of December 31, 2022, shows the following: Cash ₦200,000, Accounts Payable ₦100,000, and Common Stock ₦500,000. What is the company's total liabilities and equity?

Answer Options

A. ₦600,000
B. ₦700,000
Correct Answer C. ₦800,000
D. ₦900,000
Correct Answer
C
Correct Option:
₦800,000

About This Question

This is Post Utme Madonna University 2023 Accounting Question 35. It is one of the objective questions from the 2023 Post Utme Madonna University Accounting examination.

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