Post Utme Redeemers University 2017 Accounting Question 33

Practice objective / multiple choice question 33 from the 2017 Post Utme Redeemers University Accounting examination.

Post Utme Redeemers University 2017 Accounting Objective / Multiple Choice
Question 33 POST_UTME_REDEEMERS_UNIVERSITY • 2017 • ACCOUNTING • objective

A company uses the accrual method of accounting. If the company purchases goods on credit for ₦100,000 and pays ₦80,000 in cash, what is the amount of accounts payable?

Answer Options

A. ₦10,000
B. ₦20,000
C. ₦30,000
Correct Answer D. ₦40,000
Correct Answer
D
Correct Option:
₦40,000

About This Question

This is Post Utme Redeemers University 2017 Accounting Question 33. It is one of the objective questions from the 2017 Post Utme Redeemers University Accounting examination.

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