Post Utme Babcock University 2020 Accounting Question 3
Practice objective / multiple choice question 3 from the 2020 Post Utme Babcock University Accounting examination.
A company's trial balance as at 31st December, 2020 is as follows: Accounts Payable ₦120,000; Accounts Receivable ₦80,000; Common Stock ₦200,000; Dividends ₦20,000; Equipment ₦150,000; Interest Expense ₦10,000; Interest Income ₦5,000; Net Income ₦50,000; Prepaid Rent ₦30,000; Salaries Expense ₦40,000; Sales Revenue ₦500,000; Taxes Payable ₦25,000. Prepare a balance sheet as at 31st December, 2020.
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About This Question
This is Post Utme Babcock University 2020 Accounting Question 3. It is one of the objective questions from the 2020 Post Utme Babcock University Accounting examination.
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