Post Utme Noun 2024 Accounting Question 39

Practice objective / multiple choice question 39 from the 2024 Post Utme Noun Accounting examination.

Post Utme Noun 2024 Accounting Objective / Multiple Choice
Question 39 POST_UTME_NOUN • 2024 • ACCOUNTING • objective

A company's balance sheet shows the following balances: Cash ₦50,000, Accounts Payable ₦20,000, Common Stock ₦100,000, and Retained Earnings ₦50,000. What is the company's total liabilities?

Answer Options

A. ₦30,000
B. ₦40,000
Correct Answer C. ₦50,000
D. ₦60,000
Correct Answer
C
Correct Option:
₦50,000

About This Question

This is Post Utme Noun 2024 Accounting Question 39. It is one of the objective questions from the 2024 Post Utme Noun Accounting examination.

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