Post Utme Abu 2018 Accounting Question 17

Practice objective / multiple choice question 17 from the 2018 Post Utme Abu Accounting examination.

Post Utme Abu 2018 Accounting Objective / Multiple Choice
Question 17 POST_UTME_ABU • 2018 • ACCOUNTING • objective

A company's trial balance shows the following balances: Accounts Payable, ₦50,000; Sales Revenue, ₦100,000. What is the correct classification of these accounts?

Answer Options

Correct Answer A. Assets and Liabilities
B. Equity and Revenue
C. Expenses and Dividends
D. Assets and Expenses
Correct Answer
A
Correct Option:
Assets and Liabilities

About This Question

This is Post Utme Abu 2018 Accounting Question 17. It is one of the objective questions from the 2018 Post Utme Abu Accounting examination.

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