Post Utme Bells University 2018 Accounting Question 15

Practice objective / multiple choice question 15 from the 2018 Post Utme Bells University Accounting examination.

Post Utme Bells University 2018 Accounting Objective / Multiple Choice
Question 15 POST_UTME_BELLS_UNIVERSITY • 2018 • ACCOUNTING • objective

A company has the following data for the year ended December 31, 2018: Sales ₦1,000,000; Cost of Goods Sold ₦500,000; Operating Expenses ₦200,000; Net Profit ₦300,000. Prepare the Balance Sheet for the company as at December 31, 2018.

Answer Options

A. ₦1,000,000; ₦500,000; ₦200,000; ₦300,000
B. ₦1,000,000; ₦500,000; ₦200,000; ₦400,000
Correct Answer C. ₦1,000,000; ₦500,000; ₦200,000; ₦300,000
D. ₦1,000,000; ₦500,000; ₦200,000; ₦400,000
Correct Answer
C
Correct Option:
₦1,000,000; ₦500,000; ₦200,000; ₦300,000

About This Question

This is Post Utme Bells University 2018 Accounting Question 15. It is one of the objective questions from the 2018 Post Utme Bells University Accounting examination.

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