Post Utme Uniben 2022 Accounting Question 34

Practice objective / multiple choice question 34 from the 2022 Post Utme Uniben Accounting examination.

Post Utme Uniben 2022 Accounting Objective / Multiple Choice
Question 34 POST_UTME_UNIBEN • 2022 • ACCOUNTING • objective

A company has a manufacturing account that shows the following transactions: Debit Work-in-Progress ₦80,000, Credit Raw Materials ₦40,000, and Debit Finished Goods ₦120,000. 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
B. ₦600,000
Correct Answer C. ₦700,000
D. ₦800,000
Correct Answer
C
Correct Option:
₦700,000

About This Question

This is Post Utme Uniben 2022 Accounting Question 34. It is one of the objective questions from the 2022 Post Utme Uniben Accounting examination.

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