Post Utme Abu 2019 Accounting Question 7

Practice objective / multiple choice question 7 from the 2019 Post Utme Abu Accounting examination.

Post Utme Abu 2019 Accounting Objective / Multiple Choice
Question 7 POST_UTME_ABU • 2019 • ACCOUNTING • objective

A company has the following balance sheet: Assets: ₦1,000,000, Liabilities: ₦500,000, Capital: ₦500,000. Prepare the Balance Sheet for the year.

Answer Options

Correct Answer A. Balance Sheet: Assets: ₦1,000,000, Liabilities: ₦500,000, Capital: ₦500,000.
B. Balance Sheet: Assets: ₦1,000,000, Liabilities: ₦500,000, Capital: ₦500,000.
C. Balance Sheet: Assets: ₦1,000,000, Liabilities: ₦500,000, Capital: ₦500,000.
D. Balance Sheet: Assets: ₦1,000,000, Liabilities: ₦500,000, Capital: ₦500,000.
Correct Answer
A
Correct Option:
Balance Sheet: Assets: ₦1,000,000, Liabilities: ₦500,000, Capital: ₦500,000.

About This Question

This is Post Utme Abu 2019 Accounting Question 7. It is one of the objective questions from the 2019 Post Utme Abu Accounting examination.

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