Post Utme Uniport 2022 Accounting Question 4

Practice objective / multiple choice question 4 from the 2022 Post Utme Uniport Accounting examination.

Post Utme Uniport 2022 Accounting Objective / Multiple Choice
Question 4 POST_UTME_UNIPORT • 2022 • ACCOUNTING • objective

A company has the following ledger accounts: Cash 10,000, Accounts Payable 5,000, Common Stock 20,000, and Retained Earnings 15,000. What is the total amount of the company's liabilities?

Answer Options

Correct Answer A. ₦20,000
B. ₦25,000
C. ₦30,000
D. ₦35,000
Correct Answer
A
Correct Option:
₦20,000

About This Question

This is Post Utme Uniport 2022 Accounting Question 4. It is one of the objective questions from the 2022 Post Utme Uniport Accounting examination.

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