Post Utme Bsu 2017 Accounting Question 17

Practice objective / multiple choice question 17 from the 2017 Post Utme Bsu Accounting examination.

Post Utme Bsu 2017 Accounting Objective / Multiple Choice

Question 17 POST_UTME_BSU • 2017 • ACCOUNTING • objective

A company has a trial balance as follows: Accounts Payable ₦50,000, Sales Revenue ₦200,000, Cost of Goods Sold ₦150,000. Prepare a balance sheet.

Correct Answer A. Assets ₦250,000, Liabilities ₦50,000, Equity ₦200,000

B. Assets ₦200,000, Liabilities ₦50,000, Equity ₦150,000

C. Assets ₦150,000, Liabilities ₦50,000, Equity ₦100,000

D. Assets ₦100,000, Liabilities ₦50,000, Equity ₦50,000

Correct Answer

Correct Option:

Assets ₦250,000, Liabilities ₦50,000, Equity ₦200,000

This is Post Utme Bsu 2017 Accounting Question 17. It is one of the objective questions from the 2017 Post Utme Bsu Accounting examination.

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