Post Utme Al Hikmah University 2024 Accounting Question 5

Practice objective / multiple choice question 5 from the 2024 Post Utme Al Hikmah University Accounting examination.

Post Utme Al Hikmah University 2024 Accounting Objective / Multiple Choice
Question 5 POST_UTME_AL-HIKMAH_UNIVERSITY • 2024 • ACCOUNTING • objective

A company's trial balance shows the following balances: Accounts Payable ₦150,000, Sales Revenue ₦500,000, Cost of Goods Sold ₦300,000, and Net Income ₦100,000. What is the correct order of the accounts in the trial balance?

Answer Options

Correct Answer A. Accounts Payable, Sales Revenue, Cost of Goods Sold, Net Income
B. Sales Revenue, Cost of Goods Sold, Accounts Payable, Net Income
C. Cost of Goods Sold, Accounts Payable, Sales Revenue, Net Income
D. Net Income, Accounts Payable, Sales Revenue, Cost of Goods Sold
Correct Answer
A
Correct Option:
Accounts Payable, Sales Revenue, Cost of Goods Sold, Net Income

About This Question

This is Post Utme Al Hikmah University 2024 Accounting Question 5. It is one of the objective questions from the 2024 Post Utme Al Hikmah University Accounting examination.

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