Post Utme Achievers University 2023 Accounting Question 23

Practice objective / multiple choice question 23 from the 2023 Post Utme Achievers University Accounting examination.

Post Utme Achievers University 2023 Accounting Objective / Multiple Choice
Question 23 POST_UTME_ACHIEVERS_UNIVERSITY • 2023 • ACCOUNTING • objective

A company's trial balance showed the following balances: Accounts Payable ₦120,000, Sales Revenue ₦500,000, Cost of Goods Sold ₦200,000, and Common Stock ₦300,000. Prepare the company's balance sheet.

Answer Options

A. ₦1,220,000
B. ₦1,320,000
Correct Answer C. ₦1,420,000
D. ₦1,520,000
Correct Answer
C
Correct Option:
₦1,420,000

About This Question

This is Post Utme Achievers University 2023 Accounting Question 23. It is one of the objective questions from the 2023 Post Utme Achievers University Accounting examination.

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