Post Utme Achievers University 2023 Accounting Question 20

Practice objective / multiple choice question 20 from the 2023 Post Utme Achievers University Accounting examination.

Post Utme Achievers University 2023 Accounting Objective / Multiple Choice

Question 20 POST_UTME_ACHIEVERS_UNIVERSITY • 2023 • ACCOUNTING • objective

A company has the following ledger accounts: Cash ₦50,000, Accounts Payable ₦20,000, Sales Revenue ₦100,000, and Cost of Goods Sold ₦80,000. Prepare a balance sheet for the company.

Answer Options

A. {\begin{tabular}{|l|l|} Cash & ₦50,000 \\ Accounts Payable & ₦20,000 \\ Sales Revenue & ₦100,000 \\ Cost of Goods Sold & ₦80,000 \\ \end{tabular}}

B. {\begin{tabular}{|l|l|} Cash & ₦50,000 \\ Accounts Payable & ₦20,000 \\ Sales Revenue & ₦100,000 \\ Cost of Goods Sold & ₦80,000 \\ \end{tabular}}

C. {\begin{tabular}{|l|l|} Cash & ₦50,000 \\ Accounts Payable & ₦20,000 \\ Sales Revenue & ₦100,000 \\ Cost of Goods Sold & ₦80,000 \\ \end{tabular}}

D. {\begin{tabular}{|l|l|} Cash & ₦50,000 \\ Accounts Payable & ₦20,000 \\ Sales Revenue & ₦100,000 \\ Cost of Goods Sold & ₦80,000 \\ \end{tabular}}

Correct Answer

N/A

About This Question

This is Post Utme Achievers University 2023 Accounting Question 20. It is one of the objective questions from the 2023 Post Utme Achievers University Accounting examination.

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