Post Utme Summit University 2018 Accounting Question 10

Practice objective / multiple choice question 10 from the 2018 Post Utme Summit University Accounting examination.

Post Utme Summit University 2018 Accounting Objective / Multiple Choice
Question 10 POST_UTME_SUMMIT_UNIVERSITY • 2018 • ACCOUNTING • objective

A company has the following ledger balances: Debtors ₦50,000, Creditors ₦30,000, Capital ₦100,000. What is the total amount of liabilities?

Answer Options

Correct Answer A. ₦80,000
B. ₦70,000
C. ₦60,000
D. ₦50,000
Correct Answer
A
Correct Option:
₦80,000

About This Question

This is Post Utme Summit University 2018 Accounting Question 10. It is one of the objective questions from the 2018 Post Utme Summit University Accounting examination.

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