Post Utme Achievers University 2020 Accounting Question 33

Practice objective / multiple choice question 33 from the 2020 Post Utme Achievers University Accounting examination.

Post Utme Achievers University 2020 Accounting Objective / Multiple Choice
Question 33 POST_UTME_ACHIEVERS_UNIVERSITY • 2020 • ACCOUNTING • objective

A company has the following ledger balances: Cash ₦200,000, Accounts Payable ₦150,000, Sales Revenue ₦500,000, Cost of Goods Sold ₦300,000. Prepare a trial balance.

Answer Options

Correct Answer A. Cash ₦200,000, Accounts Payable ₦150,000, Sales Revenue ₦500,000, Cost of Goods Sold ₦300,000
B. Cash ₦200,000, Accounts Payable ₦150,000, Sales Revenue ₦500,000, Cost of Goods Sold ₦250,000
C. Cash ₦200,000, Accounts Payable ₦150,000, Sales Revenue ₦500,000, Cost of Goods Sold ₦350,000
D. Cash ₦200,000, Accounts Payable ₦150,000, Sales Revenue ₦500,000, Cost of Goods Sold ₦400,000
Correct Answer
A
Correct Option:
Cash ₦200,000, Accounts Payable ₦150,000, Sales Revenue ₦500,000, Cost of Goods Sold ₦300,000

About This Question

This is Post Utme Achievers University 2020 Accounting Question 33. It is one of the objective questions from the 2020 Post Utme Achievers University Accounting examination.

View More Post Utme Achievers University 2020 Accounting Questions More Post Utme Achievers University Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support