Post Utme Unn 2025 Accounting Question 27

Practice objective / multiple choice question 27 from the 2025 Post Utme Unn Accounting examination.

Post Utme Unn 2025 Accounting Objective / Multiple Choice
Question 27 POST_UTME_UNN • 2025 • ACCOUNTING • objective

A company uses the double-entry system to record its transactions. The company's trial balance shows the following balances: Accounts Payable: ₦120,000, Accounts Receivable: ₦90,000, Common Stock: ₦500,000, Dividends: ₦20,000, Retained Earnings: ₦150,000, Sales: ₦1,200,000, and Wages Expense: ₦180,000. What is the total amount of liabilities on the balance sheet?

Answer Options

A. ₦310,000
B. ₦410,000
Correct Answer C. ₦510,000
D. ₦610,000
Correct Answer
C
Correct Option:
₦510,000

About This Question

This is Post Utme Unn 2025 Accounting Question 27. It is one of the objective questions from the 2025 Post Utme Unn Accounting examination.

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