Post Utme Abu 2018 Accounting Question 23

Practice objective / multiple choice question 23 from the 2018 Post Utme Abu Accounting examination.

Post Utme Abu 2018 Accounting Objective / Multiple Choice
Question 23 POST_UTME_ABU • 2018 • ACCOUNTING • objective

A company's balance sheet as at 31st December, 2022, showed the following balances: Share Capital ₦100,000, Reserves ₦50,000, Debtors ₦30,000, Stock ₦20,000, Prepaid Rent ₦5,000, Accrued Expenses ₦3,000, and Bank Balance ₦10,000. Prepare the balance sheet for the year.

Answer Options

A. ₦200,000
Correct Answer B. ₦220,000
C. ₦240,000
D. ₦260,000
Correct Answer
B
Correct Option:
₦220,000

About This Question

This is Post Utme Abu 2018 Accounting Question 23. It is one of the objective questions from the 2018 Post Utme Abu Accounting examination.

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