Post Utme Bells University 2022 Accounting Question 36

Practice objective / multiple choice question 36 from the 2022 Post Utme Bells University Accounting examination.

Post Utme Bells University 2022 Accounting Objective / Multiple Choice
Question 36 POST_UTME_BELLS_UNIVERSITY • 2022 • ACCOUNTING • objective

A company's balance sheet shows the following accounts: Cash = ₦100,000, Accounts Receivable = ₦200,000, Inventory = ₦300,000, Equipment = ₦400,000. Prepare the company's balance sheet.

Answer Options

Correct Answer A. Cash = ₦100,000, Accounts Receivable = ₦200,000, Inventory = ₦300,000, Equipment = ₦400,000, Total Assets = ₦1,000,000
B. Cash = ₦100,000, Accounts Receivable = ₦200,000, Inventory = ₦300,000, Equipment = ₦400,000, Total Assets = ₦1,200,000
C. Cash = ₦100,000, Accounts Receivable = ₦200,000, Inventory = ₦300,000, Equipment = ₦400,000, Total Assets = ₦1,400,000
D. Cash = ₦100,000, Accounts Receivable = ₦200,000, Inventory = ₦300,000, Equipment = ₦400,000, Total Assets = ₦1,600,000
Correct Answer
A
Correct Option:
Cash = ₦100,000, Accounts Receivable = ₦200,000, Inventory = ₦300,000, Equipment = ₦400,000, Total Assets = ₦1,000,000

About This Question

This is Post Utme Bells University 2022 Accounting Question 36. It is one of the objective questions from the 2022 Post Utme Bells University Accounting examination.

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