Post Utme Uniben 2018 Accounting Question 12

Practice objective / multiple choice question 12 from the 2018 Post Utme Uniben Accounting examination.

Post Utme Uniben 2018 Accounting Objective / Multiple Choice
Question 12 POST_UTME_UNIBEN • 2018 • ACCOUNTING • objective

A company's balance sheet shows the following: Cash ₦100,000, Accounts Payable ₦120,000, Common Stock ₦500,000, Retained Earnings ₦300,000. What is the company's total liabilities?

Answer Options

A. ₦640,000
Correct Answer B. ₦720,000
C. ₦800,000
D. ₦920,000
Correct Answer
B
Correct Option:
₦720,000

About This Question

This is Post Utme Uniben 2018 Accounting Question 12. It is one of the objective questions from the 2018 Post Utme Uniben 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