Post Utme Uniosun 2024 Accounting Question 28

Practice objective / multiple choice question 28 from the 2024 Post Utme Uniosun Accounting examination.

Post Utme Uniosun 2024 Accounting Objective / Multiple Choice
Question 28 POST_UTME_UNIOSUN • 2024 • ACCOUNTING • objective

A company uses the double-entry system to record its transactions. The company's ledger shows the following balances: Cash ₦10,000, Accounts Payable ₦20,000, and Common Stock ₦50,000. What is the correct balance of the company's Accounts Payable account?

Answer Options

A. ₦15,000
Correct Answer B. ₦20,000
C. ₦25,000
D. ₦30,000
Correct Answer
B
Correct Option:
₦20,000

About This Question

This is Post Utme Uniosun 2024 Accounting Question 28. It is one of the objective questions from the 2024 Post Utme Uniosun Accounting examination.

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