Post Utme Ui 2021 Accounting Question 7

Practice objective / multiple choice question 7 from the 2021 Post Utme Ui Accounting examination.

Post Utme Ui 2021 Accounting Objective / Multiple Choice
Question 7 POST_UTME_UI • 2021 • ACCOUNTING • objective

A company has the following ledger balances: Cash: ₦50,000 Accounts Payable: ₦20,000 Common Stock: ₦100,000 What is the total amount of liabilities and equity recorded in the ledger?

Answer Options

A. ₦120,000
Correct Answer B. ₦130,000
C. ₦140,000
D. ₦150,000
Correct Answer
B
Correct Option:
₦130,000

About This Question

This is Post Utme Ui 2021 Accounting Question 7. It is one of the objective questions from the 2021 Post Utme Ui Accounting examination.

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