Post Utme Aaua 2025 Accounting Question 29

Practice objective / multiple choice question 29 from the 2025 Post Utme Aaua Accounting examination.

Post Utme Aaua 2025 Accounting Objective / Multiple Choice
Question 29 POST_UTME_AAUA • 2025 • ACCOUNTING • objective

A company has the following balance sheet: ₦100,000 in cash, ₦50,000 in accounts receivable, ₦20,000 in inventory, and ₦30,000 in equipment. The company also has the following liabilities: ₦40,000 in accounts payable and ₦20,000 in notes payable. Prepare the company's balance sheet.

Answer Options

Correct Answer A. ₦100,000 Cash, ₦50,000 Accounts Receivable, ₦20,000 Inventory, ₦30,000 Equipment, ₦40,000 Accounts Payable, ₦20,000 Notes Payable
B. ₦100,000 Cash, ₦50,000 Accounts Receivable, ₦20,000 Inventory, ₦30,000 Equipment, ₦20,000 Accounts Payable, ₦40,000 Notes Payable
C. ₦100,000 Cash, ₦50,000 Accounts Receivable, ₦20,000 Inventory, ₦30,000 Equipment, ₦40,000 Accounts Payable, ₦20,000 Notes Payable
D. ₦100,000 Cash, ₦50,000 Accounts Receivable, ₦20,000 Inventory, ₦30,000 Equipment, ₦20,000 Accounts Payable, ₦40,000 Notes Payable
Correct Answer
A
Correct Option:
₦100,000 Cash, ₦50,000 Accounts Receivable, ₦20,000 Inventory, ₦30,000 Equipment, ₦40,000 Accounts Payable, ₦20,000 Notes Payable

About This Question

This is Post Utme Aaua 2025 Accounting Question 29. It is one of the objective questions from the 2025 Post Utme Aaua Accounting examination.

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