Post Utme Wellspring University 2020 Accounting Question 13

Practice objective / multiple choice question 13 from the 2020 Post Utme Wellspring University Accounting examination.

Post Utme Wellspring University 2020 Accounting Objective / Multiple Choice
Question 13 POST_UTME_WELLSPRING_UNIVERSITY • 2020 • ACCOUNTING • objective

A company's balance sheet shows a current asset of ₦120,000 in the accounts payable account. However, the ledger accounts show a debit balance of ₦90,000. What is the correct balance in the accounts payable account?

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 Wellspring University 2020 Accounting Question 13. It is one of the objective questions from the 2020 Post Utme Wellspring University Accounting examination.

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