Post Utme Redeemers University 2020 Accounting Question 14

Practice objective / multiple choice question 14 from the 2020 Post Utme Redeemers University Accounting examination.

Post Utme Redeemers University 2020 Accounting Objective / Multiple Choice
Question 14 POST_UTME_REDEEMERS_UNIVERSITY • 2020 • ACCOUNTING • objective

A company's balance sheet shows the following balances: Cash ₦150,000, Accounts Payable ₦100,000, Common Stock ₦200,000, and Retained Earnings ₦50,000. What is the company's total liabilities?

Answer Options

A. ₦250,000
B. ₦300,000
Correct Answer C. ₦350,000
D. ₦400,000
Correct Answer
C
Correct Option:
₦350,000

About This Question

This is Post Utme Redeemers University 2020 Accounting Question 14. It is one of the objective questions from the 2020 Post Utme Redeemers University Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support