Post Utme Osustech 2023 Accounting Question 29

Practice objective / multiple choice question 29 from the 2023 Post Utme Osustech Accounting examination.

Post Utme Osustech 2023 Accounting Objective / Multiple Choice
Question 29 POST_UTME_OSUSTECH • 2023 • ACCOUNTING • objective

A company uses the accrual method of accounting. If the company's accounts payable balance at the beginning of the year is ₦200,000 and the company pays ₦300,000 in accounts payable during the year, what is the company's accounts payable balance at the end of the year?

Answer Options

A. ₦100,000
B. ₦200,000
C. ₦300,000
Correct Answer D. ₦400,000
Correct Answer
D
Correct Option:
₦400,000

About This Question

This is Post Utme Osustech 2023 Accounting Question 29. It is one of the objective questions from the 2023 Post Utme Osustech Accounting examination.

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