Post Utme Uniport 2020 Accounting Question 20

Practice objective / multiple choice question 20 from the 2020 Post Utme Uniport Accounting examination.

Post Utme Uniport 2020 Accounting Objective / Multiple Choice
Question 20 POST_UTME_UNIPORT • 2020 • ACCOUNTING • objective

A company's balance sheet shows the following balances: Cash ₦500,000, Accounts Receivable ₦200,000, Inventory ₦300,000, and Total Assets ₦1,500,000. What is the correct calculation of the company's Total Liabilities?

Answer Options

A. ₦1,000,000
Correct Answer B. ₦1,200,000
C. ₦1,500,000
D. ₦2,000,000
Correct Answer
B
Correct Option:
₦1,200,000

About This Question

This is Post Utme Uniport 2020 Accounting Question 20. It is one of the objective questions from the 2020 Post Utme Uniport Accounting examination.

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