Post Utme Al Hikmah University 2018 Accounting Question 17

Practice objective / multiple choice question 17 from the 2018 Post Utme Al Hikmah University Accounting examination.

Post Utme Al Hikmah University 2018 Accounting Objective / Multiple Choice
Question 17 POST_UTME_AL-HIKMAH_UNIVERSITY • 2018 • ACCOUNTING • objective

A company's trial balance as at December 31, 2018, showed the following balances: Cash ₦100,000, Bank ₦50,000, Accounts Receivable ₦20,000, Accounts Payable ₦15,000, and Common Stock ₦150,000. Prepare the company's balance sheet as at December 31, 2018.

Answer Options

A. ₦250,000
B. ₦200,000
Correct Answer C. ₦150,000
D. ₦100,000
Correct Answer
C
Correct Option:
₦150,000

About This Question

This is Post Utme Al Hikmah University 2018 Accounting Question 17. It is one of the objective questions from the 2018 Post Utme Al Hikmah University Accounting examination.

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