Post Utme Uniben 2022 Accounting Question 33

Practice objective / multiple choice question 33 from the 2022 Post Utme Uniben Accounting examination.

Post Utme Uniben 2022 Accounting Objective / Multiple Choice
Question 33 POST_UTME_UNIBEN • 2022 • ACCOUNTING • objective

A company has a bank reconciliation statement that shows the following discrepancies: Bank Statement Balance ₦150,000, Cash Balance ₦120,000, and Outstanding Checks ₦30,000. 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 33. It is one of the objective questions from the 2022 Post Utme Uniben Accounting examination.

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