Post Utme Abu 2023 Accounting Question 8

Practice objective / multiple choice question 8 from the 2023 Post Utme Abu Accounting examination.

Post Utme Abu 2023 Accounting Objective / Multiple Choice
Question 8 POST_UTME_ABU • 2023 • ACCOUNTING • objective

A company's trial balance shows the following balances: Accounts Payable ₦50,000, Sales Revenue ₦200,000, Cost of Goods Sold ₦100,000, and Common Stock ₦150,000. Prepare the company's balance sheet.

Answer Options

Correct Answer A. ₦50,000, ₦200,000, ₦100,000, ₦150,000
B. ₦100,000, ₦200,000, ₦150,000, ₦50,000
C. ₦200,000, ₦100,000, ₦50,000, ₦150,000
D. ₦150,000, ₦100,000, ₦200,000, ₦50,000
Correct Answer
A
Correct Option:
₦50,000, ₦200,000, ₦100,000, ₦150,000

About This Question

This is Post Utme Abu 2023 Accounting Question 8. It is one of the objective questions from the 2023 Post Utme Abu Accounting examination.

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