Post Utme Veritas University 2021 Accounting Question 18

Practice objective / multiple choice question 18 from the 2021 Post Utme Veritas University Accounting examination.

Post Utme Veritas University 2021 Accounting Objective / Multiple Choice
Question 18 POST_UTME_VERITAS_UNIVERSITY • 2021 • ACCOUNTING • objective

A company's balance sheet shows a current ratio of 2:3. If the current assets are ₦120,000 and the current liabilities are ₦60,000, what is the amount of the company's long-term liabilities?

Answer Options

A. ₦30,000
B. ₦60,000
Correct Answer C. ₦90,000
D. ₦120,000
Correct Answer
C
Correct Option:
₦90,000

About This Question

This is Post Utme Veritas University 2021 Accounting Question 18. It is one of the objective questions from the 2021 Post Utme Veritas University Accounting examination.

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