Post Utme Ui 2020 Accounting Question 26

Practice objective / multiple choice question 26 from the 2020 Post Utme Ui Accounting examination.

Post Utme Ui 2020 Accounting Objective / Multiple Choice
Question 26 POST_UTME_UI • 2020 • ACCOUNTING • objective

A company's trial balance shows the following balances: Cash ₦50,000, Accounts Payable ₦20,000, and Common Stock ₦100,000. If the company's total assets are ₦200,000, what is the amount of its total liabilities?

Answer Options

A. ₦30,000
Correct Answer B. ₦50,000
C. ₦70,000
D. ₦90,000
Correct Answer
B
Correct Option:
₦50,000

About This Question

This is Post Utme Ui 2020 Accounting Question 26. It is one of the objective questions from the 2020 Post Utme Ui Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support