Post Utme Achievers University 2023 Accounting Question 17

Practice objective / multiple choice question 17 from the 2023 Post Utme Achievers University Accounting examination.

Post Utme Achievers University 2023 Accounting Objective / Multiple Choice
Question 17 POST_UTME_ACHIEVERS_UNIVERSITY • 2023 • ACCOUNTING • objective

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

Answer Options

Correct Answer A. {\begin{tabular}{|l|l|} Accounts Payable & ₦50,000 \\ Sales Revenue & ₦200,000 \\ Cost of Goods Sold & ₦150,000 \\ Common Stock & ₦100,000 \\ \end{tabular}}
B. {\begin{tabular}{|l|l|} Accounts Payable & ₦50,000 \\ Sales Revenue & ₦200,000 \\ Cost of Goods Sold & ₦150,000 \\ Common Stock & ₦100,000 \\ \end{tabular}}
C. {\begin{tabular}{|l|l|} Accounts Payable & ₦50,000 \\ Sales Revenue & ₦200,000 \\ Cost of Goods Sold & ₦150,000 \\ Common Stock & ₦100,000 \\ \end{tabular}}
D. {\begin{tabular}{|l|l|} Accounts Payable & ₦50,000 \\ Sales Revenue & ₦200,000 \\ Cost of Goods Sold & ₦150,000 \\ Common Stock & ₦100,000 \\ \end{tabular}}
Correct Answer
A
Correct Option:
{\begin{tabular}{|l|l|} Accounts Payable & ₦50,000 \\ Sales Revenue & ₦200,000 \\ Cost of Goods Sold & ₦150,000 \\ Common Stock & ₦100,000 \\ \end{tabular}}

About This Question

This is Post Utme Achievers University 2023 Accounting Question 17. It is one of the objective questions from the 2023 Post Utme Achievers University Accounting examination.

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