Post Utme Rsu 2017 Accounting Question 39

Practice objective / multiple choice question 39 from the 2017 Post Utme Rsu Accounting examination.

Post Utme Rsu 2017 Accounting Objective / Multiple Choice
Question 39 POST_UTME_RSU • 2017 • ACCOUNTING • objective

A company has the following transactions: Purchased raw materials worth ₦100,000 on credit. Sold goods worth ₦150,000 for cash. Purchased machinery worth ₦50,000 on credit. Sold goods worth ₦100,000 on credit. The company's accounting year-end is December 31st. What is the total amount of the company's liabilities at the end of the year?

Answer Options

A. ₦200,000
Correct Answer B. ₦250,000
C. ₦300,000
D. ₦350,000
Correct Answer
B
Correct Option:
₦250,000

About This Question

This is Post Utme Rsu 2017 Accounting Question 39. It is one of the objective questions from the 2017 Post Utme Rsu Accounting examination.

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