Post Utme Bells University 2023 Accounting Question 12

Practice objective / multiple choice question 12 from the 2023 Post Utme Bells University Accounting examination.

Post Utme Bells University 2023 Accounting Objective / Multiple Choice
Question 12 POST_UTME_BELLS_UNIVERSITY • 2023 • ACCOUNTING • objective

The following are the balances of the ledger accounts of a company as at 31st December, 2022: Cash ₦ 50,000, Bank ₦ 20,000, Debtors ₦ 30,000, Creditors ₦ 10,000, Capital ₦ 100,000, Profit ₦ 20,000. Prepare the trial balance.

Answer Options

Correct Answer A. Cash ₦ 50,000, Bank ₦ 20,000, Debtors ₦ 30,000, Creditors ₦ 10,000, Capital ₦ 100,000, Profit ₦ 20,000
B. Cash ₦ 20,000, Bank ₦ 50,000, Debtors ₦ 30,000, Creditors ₦ 10,000, Capital ₦ 100,000, Profit ₦ 20,000
C. Cash ₦ 50,000, Bank ₦ 20,000, Debtors ₦ 10,000, Creditors ₦ 30,000, Capital ₦ 100,000, Profit ₦ 20,000
D. Cash ₦ 20,000, Bank ₦ 50,000, Debtors ₦ 10,000, Creditors ₦ 30,000, Capital ₦ 100,000, Profit ₦ 20,000
Correct Answer
A
Correct Option:
Cash ₦ 50,000, Bank ₦ 20,000, Debtors ₦ 30,000, Creditors ₦ 10,000, Capital ₦ 100,000, Profit ₦ 20,000

About This Question

This is Post Utme Bells University 2023 Accounting Question 12. It is one of the objective questions from the 2023 Post Utme Bells University Accounting examination.

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