Post Utme Rhema University 2018 Accounting Question 3
Practice objective / multiple choice question 3 from the 2018 Post Utme Rhema University Accounting examination.
A company has the following transactions related to its accounts payable: | Date | Description | Amount | | --- | --- | --- | | 1/1/2022 | Purchased goods from XYZ Ltd | ₦50,000 | | 15/1/2022 | Paid cash to XYZ Ltd | ₦30,000 | | 20/1/2022 | Purchased goods from ABC Ltd | ₦70,000 | | 25/1/2022 | Paid cash to ABC Ltd | ₦50,000 | What is the total amount outstanding in the accounts payable at the end of January 2022?
Answer Options
About This Question
This is Post Utme Rhema University 2018 Accounting Question 3. It is one of the objective questions from the 2018 Post Utme Rhema 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.