Post Utme Redeemers University 2020 Accounting Question 28

Practice objective / multiple choice question 28 from the 2020 Post Utme Redeemers University Accounting examination.

Post Utme Redeemers University 2020 Accounting Objective / Multiple Choice
Question 28 POST_UTME_REDEEMERS_UNIVERSITY • 2020 • ACCOUNTING • objective

A company's balance sheet as at December 31, 2020, showed the following: Share capital ¡ 5,000,000; Retained earnings ¡ 3,000,000; Total equity ¡ 8,000,000. Calculate the total liabilities.

Answer Options

Correct Answer A. ¡ 10,000,000
B. ¡ 12,000,000
C. ¡ 14,000,000
D. ¡ 16,000,000
Correct Answer
A
Correct Option:
¡ 10,000,000

About This Question

This is Post Utme Redeemers University 2020 Accounting Question 28. It is one of the objective questions from the 2020 Post Utme Redeemers University Accounting examination.

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