Post Utme Nile University 2021 Accounting Question 25

Practice objective / multiple choice question 25 from the 2021 Post Utme Nile University Accounting examination.

Post Utme Nile University 2021 Accounting Objective / Multiple Choice
Question 25 POST_UTME_NILE_UNIVERSITY • 2021 • ACCOUNTING • objective

A company's balance sheet shows the following accounts: Cash 10,000, Accounts Payable 5,000, Common Stock 20,000, and Retained Earnings 15,000. What is the total amount of the company's liabilities and equity?

Answer Options

A. ₦40,000
B. ₦45,000
Correct Answer C. ₦50,000
D. ₦55,000
Correct Answer
C
Correct Option:
₦50,000

About This Question

This is Post Utme Nile University 2021 Accounting Question 25. It is one of the objective questions from the 2021 Post Utme Nile University Accounting examination.

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