Post Utme Uniosun 2023 Accounting Question 5

Practice objective / multiple choice question 5 from the 2023 Post Utme Uniosun Accounting examination.

Post Utme Uniosun 2023 Accounting Objective / Multiple Choice
Question 5 POST_UTME_UNIOSUN • 2023 • ACCOUNTING • objective

A company has the following transactions during the year: Purchased goods for ₦80,000 cash, sold goods for ₦120,000 on credit, and purchased equipment for ₦40,000 on credit. What is the total amount of liabilities at the end of the year?

Answer Options

A. ₦120,000
B. ₦140,000
Correct Answer C. ₦160,000
D. ₦180,000
Correct Answer
C
Correct Option:
₦160,000

About This Question

This is Post Utme Uniosun 2023 Accounting Question 5. It is one of the objective questions from the 2023 Post Utme Uniosun Accounting examination.

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