Post Utme Bells University 2022 Accounting Question 6

Practice objective / multiple choice question 6 from the 2022 Post Utme Bells University Accounting examination.

Post Utme Bells University 2022 Accounting Objective / Multiple Choice
Question 6 POST_UTME_BELLS_UNIVERSITY • 2022 • ACCOUNTING • objective

The following trial balance of a company is given. Prepare the ledger accounts for the assets, liabilities, and equity.

Answer Options

Correct Answer A. Assets: Cash = ₦10,000, Bank = ₦20,000; Liabilities: Loan = ₦30,000; Equity: Share Capital = ₦40,000
B. Assets: Cash = ₦20,000, Bank = ₦10,000; Liabilities: Loan = ₦40,000; Equity: Share Capital = ₦30,000
C. Assets: Cash = ₦30,000, Bank = ₦40,000; Liabilities: Loan = ₦20,000; Equity: Share Capital = ₦10,000
D. Assets: Cash = ₦40,000, Bank = ₦30,000; Liabilities: Loan = ₦10,000; Equity: Share Capital = ₦20,000
Correct Answer
A
Correct Option:
Assets: Cash = ₦10,000, Bank = ₦20,000; Liabilities: Loan = ₦30,000; Equity: Share Capital = ₦40,000

About This Question

This is Post Utme Bells University 2022 Accounting Question 6. It is one of the objective questions from the 2022 Post Utme Bells University Accounting examination.

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