Post Utme Pan Atlantic University 2018 Accounting Question 10

Practice objective / multiple choice question 10 from the 2018 Post Utme Pan Atlantic University Accounting examination.

Post Utme Pan Atlantic University 2018 Accounting Objective / Multiple Choice
Question 10 POST_UTME_PAN-ATLANTIC_UNIVERSITY • 2018 • ACCOUNTING • objective

A company's trial balance shows the following balances: Accounts Receivable, ₦120,000; Accounts Payable, ₦90,000; Common Stock, ₦500,000; and Retained Earnings, ₦200,000. What is the total amount of liabilities?

Answer Options

A. ₦220,000
Correct Answer B. ₦320,000
C. ₦420,000
D. ₦520,000
Correct Answer
B
Correct Option:
₦320,000

About This Question

This is Post Utme Pan Atlantic University 2018 Accounting Question 10. It is one of the objective questions from the 2018 Post Utme Pan Atlantic University Accounting examination.

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