Post Utme Abu 2025 Accounting Question 37

Practice objective / multiple choice question 37 from the 2025 Post Utme Abu Accounting examination.

Post Utme Abu 2025 Accounting Objective / Multiple Choice
Question 37 POST_UTME_ABU • 2025 • ACCOUNTING • objective

The following is a partial list of accounts from XYZ Ltd.'s general ledger: Debit: Cash ¡ 500,000 Accounts Payable ¡ 200,000 Sales Revenue ¡ 300,000 Credit: Accounts Receivable ¡ 150,000 Common Stock ¡ 400,000 Cost of Goods Sold ¡ 250,000 What is the correct classification of the above items?

Answer Options

Correct Answer A. Assets
B. Liabilities
C. Equity
D. Revenues
Correct Answer
A
Correct Option:
Assets

About This Question

This is Post Utme Abu 2025 Accounting Question 37. It is one of the objective questions from the 2025 Post Utme Abu Accounting examination.

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