Post Utme Nile University 2023 Accounting Question 20

Practice objective / multiple choice question 20 from the 2023 Post Utme Nile University Accounting examination.

Post Utme Nile University 2023 Accounting Objective / Multiple Choice
Question 20 POST_UTME_NILE_UNIVERSITY • 2023 • ACCOUNTING • objective

A company's balance sheet as at 31st December, 2022 is as follows: | Assets | ₦ | Liabilities | ₦ | | --- | --- | --- | --- | | Cash | 10,000 | Debentures | 20,000 | | Stock | 30,000 | Share Capital | 50,000 | | Debtors | 15,000 | Profit | 5,000 | | Creditors | 8,000 | | | | | | | | Calculate the company's total liabilities.

Answer Options

A. ₦73,000
B. ₦75,000
C. ₦77,000
Correct Answer D. ₦79,000
Correct Answer
D
Correct Option:
₦79,000

About This Question

This is Post Utme Nile University 2023 Accounting Question 20. It is one of the objective questions from the 2023 Post Utme Nile University Accounting examination.

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