Post Utme Uniport 2021 Accounting Question 38

Practice objective / multiple choice question 38 from the 2021 Post Utme Uniport Accounting examination.

Post Utme Uniport 2021 Accounting Objective / Multiple Choice
Question 38 POST_UTME_UNIPORT • 2021 • ACCOUNTING • objective

A company uses the double entry system to record its transactions. The company's trial balance shows the following balances: ₦100,000 in the cash account and ₦50,000 in the accounts payable account. If the company's total assets are ₦200,000, what is the amount of the company's total liabilities?

Answer Options

A. ₦150,000
Correct Answer B. ₦200,000
C. ₦250,000
D. ₦300,000
Correct Answer
B
Correct Option:
₦200,000

About This Question

This is Post Utme Uniport 2021 Accounting Question 38. It is one of the objective questions from the 2021 Post Utme Uniport Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support