Post Utme Achievers University 2020 Accounting Question 38

Practice objective / multiple choice question 38 from the 2020 Post Utme Achievers University Accounting examination.

Post Utme Achievers University 2020 Accounting Objective / Multiple Choice

Question 38 POST_UTME_ACHIEVERS_UNIVERSITY • 2020 • ACCOUNTING • objective

A company has the following statement of cash flows: ₦500,000, ₦600,000, ₦700,000. Prepare a balance sheet.

Answer Options

A. Assets ₦1,000,000, Liabilities ₦500,000, Equity ₦500,000

B. Assets ₦1,000,000, Liabilities ₦600,000, Equity ₦400,000

C. Assets ₦1,000,000, Liabilities ₦400,000, Equity ₦600,000

D. Assets ₦1,000,000, Liabilities ₦300,000, Equity ₦700,000

Correct Answer

N/A

About This Question

This is Post Utme Achievers University 2020 Accounting Question 38. It is one of the objective questions from the 2020 Post Utme Achievers University Accounting examination.

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