Post Utme Abu 2022 Accounting Question 7

Practice objective / multiple choice question 7 from the 2022 Post Utme Abu Accounting examination.

Post Utme Abu 2022 Accounting Objective / Multiple Choice

Question 7 POST_UTME_ABU • 2022 • ACCOUNTING • objective

A company has the following ledger balances: Accounts Receivable 100,000, Accounts Payable 50,000, Common Stock 200,000, Retained Earnings 150,000. Prepare the balance sheet.

Correct Answer A. Assets: 250,000, Liabilities: 50,000, Equity: 200,000

B. Assets: 250,000, Liabilities: 50,000, Equity: 200,000

C. Assets: 250,000, Liabilities: 50,000, Equity: 200,000

D. Assets: 250,000, Liabilities: 50,000, Equity: 200,000

Correct Answer

Correct Option:

Assets: 250,000, Liabilities: 50,000, Equity: 200,000

This is Post Utme Abu 2022 Accounting Question 7. It is one of the objective questions from the 2022 Post Utme Abu Accounting examination.

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