Post Utme Aaua 2022 Accounting Question 2

Practice objective / multiple choice question 2 from the 2022 Post Utme Aaua Accounting examination.

Post Utme Aaua 2022 Accounting Objective / Multiple Choice

Question 2 POST_UTME_AAUA • 2022 • ACCOUNTING • objective

A company's trial balance shows the following balances: Accounts Payable ₦50,000, Sales Revenue ₦200,000, Cost of Goods Sold ₦150,000. Prepare a corrected trial balance.

Correct Answer A. {Accounts Payable: ₦50,000, Sales Revenue: ₦200,000, Cost of Goods Sold: ₦150,000}

B. {Accounts Payable: ₦50,000, Sales Revenue: ₦50,000, Cost of Goods Sold: ₦150,000}

C. {Accounts Payable: ₦50,000, Sales Revenue: ₦200,000, Cost of Goods Sold: ₦50,000}

D. {Accounts Payable: ₦50,000, Sales Revenue: ₦50,000, Cost of Goods Sold: ₦50,000}

Correct Answer

Correct Option:

{Accounts Payable: ₦50,000, Sales Revenue: ₦200,000, Cost of Goods Sold: ₦150,000}

This is Post Utme Aaua 2022 Accounting Question 2. It is one of the objective questions from the 2022 Post Utme Aaua Accounting examination.

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