Post Utme Abu 2018 Accounting Question 38

Practice objective / multiple choice question 38 from the 2018 Post Utme Abu Accounting examination.

Post Utme Abu 2018 Accounting Objective / Multiple Choice
Question 38 POST_UTME_ABU • 2018 • ACCOUNTING • objective

A company's trial balance showed the following balances: Accounts Payable ₦20,000, Accounts Receivable ₦30,000, Common Stock ₦150,000, Dividends ₦15,000, Retained Earnings ₦25,000. Prepare a balance sheet.

Answer Options

A. ₦200,000
Correct Answer B. ₦250,000
C. ₦300,000
D. ₦350,000
Correct Answer
B
Correct Option:
₦250,000

About This Question

This is Post Utme Abu 2018 Accounting Question 38. It is one of the objective questions from the 2018 Post Utme Abu Accounting examination.

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