Post Utme Unn 2025 Accounting Question 15
Practice objective / multiple choice question 15 from the 2025 Post Utme Unn Accounting examination.
A company's trial balance as at 31st December 2024 is as follows: Debit ----------------- Cash: ₦50,000 Accounts Payable: ₦20,000 Sales Revenue: ₦150,000 Cost of Goods Sold: ₦100,000 ----------------- Credit ----------------- Accounts Receivable: ₦30,000 Common Stock: ₦50,000 Salaries Expense: ₦20,000 Rent Expense: ₦10,000 ----------------- What is the total amount of liabilities on the balance sheet?
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About This Question
This is Post Utme Unn 2025 Accounting Question 15. It is one of the objective questions from the 2025 Post Utme Unn Accounting examination.
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