Post Utme Pan Atlantic University 2019 Accounting Question 15

Practice objective / multiple choice question 15 from the 2019 Post Utme Pan Atlantic University Accounting examination.

Post Utme Pan Atlantic University 2019 Accounting Objective / Multiple Choice
Question 15 POST_UTME_PAN-ATLANTIC_UNIVERSITY • 2019 • ACCOUNTING • objective

A company has the following ledger balances: Accounts Receivable 10,000, Accounts Payable 5,000, and Common Stock 20,000. What is the total amount of liabilities and equity?

Answer Options

A. 35,000
B. 40,000
C. 45,000
Correct Answer D. 50,000
Correct Answer
D
Correct Option:
50,000

About This Question

This is Post Utme Pan Atlantic University 2019 Accounting Question 15. It is one of the objective questions from the 2019 Post Utme Pan Atlantic University Accounting examination.

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