Post Utme Uniben 2022 Accounting Question 31

Practice objective / multiple choice question 31 from the 2022 Post Utme Uniben Accounting examination.

Post Utme Uniben 2022 Accounting Objective / Multiple Choice
Question 31 POST_UTME_UNIBEN • 2022 • ACCOUNTING • objective

A company uses the double-entry system of accounting. The company's trial balance shows the following accounts: Cash ₦100,000, Accounts Payable ₦50,000, and Common Stock ₦200,000. If the company's total assets are ₦500,000, what is the amount of the company's total liabilities?

Answer Options

A. ₦300,000
B. ₦400,000
Correct Answer C. ₦500,000
D. ₦600,000
Correct Answer
C
Correct Option:
₦500,000

About This Question

This is Post Utme Uniben 2022 Accounting Question 31. It is one of the objective questions from the 2022 Post Utme Uniben Accounting examination.

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