Post Utme Rsu 2025 Accounting Question 24

Practice objective / multiple choice question 24 from the 2025 Post Utme Rsu Accounting examination.

Post Utme Rsu 2025 Accounting Objective / Multiple Choice
Question 24 POST_UTME_RSU • 2025 • ACCOUNTING • objective

A company uses the double-entry system of accounting. The following transactions occurred during the year: Purchased office equipment for ₦120,000, Purchased a building for ₦500,000, Sold goods for ₦150,000, Purchased goods for ₦200,000. What is the total amount of liabilities of the company?

Answer Options

A. ₦120,000
Correct Answer B. ₦220,000
C. ₦320,000
D. ₦420,000
Correct Answer
B
Correct Option:
₦220,000

About This Question

This is Post Utme Rsu 2025 Accounting Question 24. It is one of the objective questions from the 2025 Post Utme Rsu Accounting examination.

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