Post Utme Bowen University 2018 Accounting Question 22

Practice objective / multiple choice question 22 from the 2018 Post Utme Bowen University Accounting examination.

Post Utme Bowen University 2018 Accounting Objective / Multiple Choice
Question 22 POST_UTME_BOWEN_UNIVERSITY • 2018 • ACCOUNTING • objective

A company has the following ledger accounts: Purchases (₦50,000), Sales (₦60,000), and Cost of Goods Sold (₦30,000). Prepare a trial balance.

Answer Options

Correct Answer A. Purchases: ₦50,000, Sales: ₦60,000, Cost of Goods Sold: ₦30,000
B. Purchases: ₦60,000, Sales: ₦50,000, Cost of Goods Sold: ₦30,000
C. Purchases: ₦50,000, Sales: ₦60,000, Cost of Goods Sold: ₦40,000
D. Purchases: ₦60,000, Sales: ₦50,000, Cost of Goods Sold: ₦40,000
Correct Answer
A
Correct Option:
Purchases: ₦50,000, Sales: ₦60,000, Cost of Goods Sold: ₦30,000

About This Question

This is Post Utme Bowen University 2018 Accounting Question 22. It is one of the objective questions from the 2018 Post Utme Bowen University Accounting examination.

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