Post Utme Veritas University 2022 Accounting Question 26

Practice objective / multiple choice question 26 from the 2022 Post Utme Veritas University Accounting examination.

Post Utme Veritas University 2022 Accounting Objective / Multiple Choice
Question 26 POST_UTME_VERITAS_UNIVERSITY • 2022 • ACCOUNTING • objective

A company has a control account for its accounts payable and records the following transactions: Purchased goods on credit ₦100,000, Paid cash to suppliers ₦50,000, and Received cash from customers ₦20,000. What is the total amount of accounts payable?

Answer Options

A. ₦50,000
B. ₦60,000
Correct Answer C. ₦70,000
D. ₦80,000
Correct Answer
C
Correct Option:
₦70,000

About This Question

This is Post Utme Veritas University 2022 Accounting Question 26. It is one of the objective questions from the 2022 Post Utme Veritas University Accounting examination.

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