Post Utme Veritas University 2024 Accounting Question 27

Practice objective / multiple choice question 27 from the 2024 Post Utme Veritas University Accounting examination.

Post Utme Veritas University 2024 Accounting Objective / Multiple Choice
Question 27 POST_UTME_VERITAS_UNIVERSITY • 2024 • ACCOUNTING • objective

A company has the following balance sheet: | Assets | Liabilities | Equity | | --- | --- | --- | | Cash | 10,000 | | | Equipment | | 10,000 | | Total | 10,000 | 10,000 | What is the total amount of liabilities for the company?

Answer Options

Correct Answer A. ₦10,000
B. ₦9,500
C. ₦9,000
D. ₦8,500
Correct Answer
A
Correct Option:
₦10,000

About This Question

This is Post Utme Veritas University 2024 Accounting Question 27. It is one of the objective questions from the 2024 Post Utme Veritas University Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support