Post Utme Wellspring University 2023 Accounting Question 38

Practice objective / multiple choice question 38 from the 2023 Post Utme Wellspring University Accounting examination.

Post Utme Wellspring University 2023 Accounting Objective / Multiple Choice
Question 38 POST_UTME_WELLSPRING_UNIVERSITY • 2023 • ACCOUNTING • objective

A company's balance sheet as at 31st December 2022 shows the following: Fixed Assets: ₦2,500,000; Current Assets: ₦1,500,000; Capital: ₦1,000,000; Profit: ₦200,000. Calculate the amount of Current Liabilities.

Answer Options

A. ₦1,200,000
B. ₦1,300,000
C. ₦1,400,000
Correct Answer D. ₦1,500,000
Correct Answer
D
Correct Option:
₦1,500,000

About This Question

This is Post Utme Wellspring University 2023 Accounting Question 38. It is one of the objective questions from the 2023 Post Utme Wellspring University Accounting examination.

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