Post Utme Bowen University 2024 Accounting Question 15

Practice objective / multiple choice question 15 from the 2024 Post Utme Bowen University Accounting examination.

Post Utme Bowen University 2024 Accounting Objective / Multiple Choice
Question 15 POST_UTME_BOWEN_UNIVERSITY • 2024 • ACCOUNTING • objective

A company's trial balance as at December 31, 2023, is as follows: Cash ₦100,000, Accounts Payable ₦50,000, Sales Revenue ₦200,000, Cost of Goods Sold ₦150,000, and Common Stock ₦500,000. Prepare the company's balance sheet as at December 31, 2023.

Answer Options

A. Cash ₦100,000, Accounts Payable ₦50,000, Sales Revenue ₦200,000, Cost of Goods Sold ₦150,000, Common Stock ₦500,000
Correct Answer B. Cash ₦100,000, Accounts Payable ₦50,000, Sales Revenue ₦200,000, Cost of Goods Sold ₦150,000, Common Stock ₦500,000
C. Cash ₦100,000, Accounts Payable ₦50,000, Sales Revenue ₦200,000, Cost of Goods Sold ₦150,000, Common Stock ₦500,000
D. Cash ₦100,000, Accounts Payable ₦50,000, Sales Revenue ₦200,000, Cost of Goods Sold ₦150,000, Common Stock ₦500,000
Correct Answer
B
Correct Option:
Cash ₦100,000, Accounts Payable ₦50,000, Sales Revenue ₦200,000, Cost of Goods Sold ₦150,000, Common Stock ₦500,000

About This Question

This is Post Utme Bowen University 2024 Accounting Question 15. It is one of the objective questions from the 2024 Post Utme Bowen University Accounting examination.

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