Post Utme Al Hikmah University 2025 Accounting Question 40

Practice objective / multiple choice question 40 from the 2025 Post Utme Al Hikmah University Accounting examination.

Post Utme Al Hikmah University 2025 Accounting Objective / Multiple Choice
Question 40 POST_UTME_AL-HIKMAH_UNIVERSITY • 2025 • ACCOUNTING • objective

A company's trial balance shows the following balances: Cash ₦500,000, Accounts Payable ₦200,000, Common Stock ₦300,000, and Retained Earnings ₦150,000. Prepare a balance sheet.

Answer Options

Correct Answer A. Cash ₦500,000, Accounts Payable ₦200,000, Common Stock ₦300,000, and Retained Earnings ₦150,000
B. Cash ₦500,000, Accounts Payable ₦200,000, Common Stock ₦300,000, and Retained Earnings ₦150,000
C. Cash ₦500,000, Accounts Payable ₦200,000, Common Stock ₦300,000, and Retained Earnings ₦150,000
D. Cash ₦500,000, Accounts Payable ₦200,000, Common Stock ₦300,000, and Retained Earnings ₦150,000
Correct Answer
A
Correct Option:
Cash ₦500,000, Accounts Payable ₦200,000, Common Stock ₦300,000, and Retained Earnings ₦150,000

About This Question

This is Post Utme Al Hikmah University 2025 Accounting Question 40. It is one of the objective questions from the 2025 Post Utme Al Hikmah University Accounting examination.

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