Post Utme Wellspring University 2022 Accounting Question 25

Practice objective / multiple choice question 25 from the 2022 Post Utme Wellspring University Accounting examination.

Post Utme Wellspring University 2022 Accounting Objective / Multiple Choice
Question 25 POST_UTME_WELLSPRING_UNIVERSITY • 2022 • ACCOUNTING • objective

A company has the following transactions: | Date | Description | Debit | Credit | | --- | --- | --- | --- | | 1 | Cash | 10,000 | | | 2 | Equipment | | 15,000 | | 3 | Accounts Payable | | 5,000 | | 4 | Sales | | 20,000 | What is the total amount of the company's liabilities?

Answer Options

A. ₦5,000
B. ₦10,000
C. ₦15,000
Correct Answer D. ₦20,000
Correct Answer
D
Correct Option:
₦20,000

About This Question

This is Post Utme Wellspring University 2022 Accounting Question 25. It is one of the objective questions from the 2022 Post Utme Wellspring University Accounting examination.

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