Post Utme Unilorin 2023 Accounting Question 35

Practice objective / multiple choice question 35 from the 2023 Post Utme Unilorin Accounting examination.

Post Utme Unilorin 2023 Accounting Objective / Multiple Choice
Question 35 POST_UTME_UNILORIN • 2023 • ACCOUNTING • objective

A company's balance sheet shows the following accounts: Fixed Assets ₦500,000, Current Assets ₦300,000, Capital ₦800,000, Profit and Loss Account ₦200,000. What is the total amount of liabilities?

Answer Options

Correct Answer A. ₦400,000
B. ₦420,000
C. ₦440,000
D. ₦460,000
Correct Answer
A
Correct Option:
₦400,000

About This Question

This is Post Utme Unilorin 2023 Accounting Question 35. It is one of the objective questions from the 2023 Post Utme Unilorin Accounting examination.

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