Post Utme Pan Atlantic University 2025 Accounting Question 33

Practice objective / multiple choice question 33 from the 2025 Post Utme Pan Atlantic University Accounting examination.

Post Utme Pan Atlantic University 2025 Accounting Objective / Multiple Choice
Question 33 POST_UTME_PAN-ATLANTIC_UNIVERSITY • 2025 • ACCOUNTING • objective

The following is a trial balance for XYZ Ltd. as at 31st December 2024: Debit: Cash: ₦500,000 Accounts receivable: ₦300,000 Inventory: ₦400,000 Prepaid rent: ₦50,000 Credit: Accounts payable: ₦200,000 Salaries payable: ₦100,000 Taxes payable: ₦50,000 What is the total amount of the company's current liabilities?

Answer Options

A. ₦350,000
B. ₦400,000
C. ₦450,000
Correct Answer D. ₦500,000
Correct Answer
D
Correct Option:
₦500,000

About This Question

This is Post Utme Pan Atlantic University 2025 Accounting Question 33. It is one of the objective questions from the 2025 Post Utme Pan Atlantic University Accounting examination.

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