Post Utme Skyline University 2019 Accounting Question 15

Practice objective / multiple choice question 15 from the 2019 Post Utme Skyline University Accounting examination.

Post Utme Skyline University 2019 Accounting Objective / Multiple Choice
Question 15 POST_UTME_SKYLINE_UNIVERSITY • 2019 • ACCOUNTING • objective

A company's trial balance shows the following balances: Accounts Payable ₦50,000, Sales Revenue ₦200,000, Cost of Goods Sold ₦150,000, and Common Stock ₦100,000. What is the total liabilities of the company?

Answer Options

A. ₦150,000
B. ₦200,000
Correct Answer C. ₦250,000
D. ₦300,000
Correct Answer
C
Correct Option:
₦250,000

About This Question

This is Post Utme Skyline University 2019 Accounting Question 15. It is one of the objective questions from the 2019 Post Utme Skyline University Accounting examination.

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