Post Utme Uniben 2022 Accounting Question 30

Practice objective / multiple choice question 30 from the 2022 Post Utme Uniben Accounting examination.

Post Utme Uniben 2022 Accounting Objective / Multiple Choice
Question 30 POST_UTME_UNIBEN • 2022 • ACCOUNTING • objective

A company has two departments: Manufacturing and Sales. The Manufacturing department has a work-in-progress (WIP) inventory of ₦120,000 at the end of the year. The Sales department has a cash balance of ₦150,000 at the end of the year. If the company's total assets are ₦1,200,000, what is the amount of the company's total liabilities?

Answer Options

A. ₦500,000
Correct Answer B. ₦600,000
C. ₦700,000
D. ₦800,000
Correct Answer
B
Correct Option:
₦600,000

About This Question

This is Post Utme Uniben 2022 Accounting Question 30. It is one of the objective questions from the 2022 Post Utme Uniben Accounting examination.

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