Post Utme Bsu 2021 Accounting Question 23

Practice objective / multiple choice question 23 from the 2021 Post Utme Bsu Accounting examination.

Post Utme Bsu 2021 Accounting Objective / Multiple Choice
Question 23 POST_UTME_BSU • 2021 • ACCOUNTING • objective

A company uses a self-balancing ledger to record its transactions. The ledger shows the following balances: Cash ( ₦ 100,000 ), Accounts Payable ( ₦ 50,000 ), Sales Revenue ( ₦ 200,000 ). Determine the correct balance for the company's Cost of Goods Sold account.

Answer Options

A. ( ₦ 50,000 )
B. ( ₦ 100,000 )
Correct Answer C. ( ₦ 150,000 )
D. ( ₦ 200,000 )
Correct Answer
C
Correct Option:
( ₦ 150,000 )

About This Question

This is Post Utme Bsu 2021 Accounting Question 23. It is one of the objective questions from the 2021 Post Utme Bsu Accounting examination.

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