Post Utme Uniben 2022 Accounting Question 32

Practice objective / multiple choice question 32 from the 2022 Post Utme Uniben Accounting examination.

Post Utme Uniben 2022 Accounting Objective / Multiple Choice
Question 32 POST_UTME_UNIBEN • 2022 • ACCOUNTING • objective

A company has a cash book that shows the following transactions: Debit Cash ₦50,000, Credit Accounts Payable ₦20,000, and Debit Common Stock ₦100,000. If the company's total assets are ₦800,000, what is the amount of the company's total liabilities?

Answer Options

A. ₦400,000
B. ₦500,000
Correct Answer C. ₦600,000
D. ₦700,000
Correct Answer
C
Correct Option:
₦600,000

About This Question

This is Post Utme Uniben 2022 Accounting Question 32. It is one of the objective questions from the 2022 Post Utme Uniben Accounting examination.

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