Post Utme Caleb University 2017 Accounting Question 13

Practice objective / multiple choice question 13 from the 2017 Post Utme Caleb University Accounting examination.

Post Utme Caleb University 2017 Accounting Objective / Multiple Choice
Question 13 POST_UTME_CALEB_UNIVERSITY • 2017 • ACCOUNTING • objective

A company's trial balance as at December 31, 2016, is as follows: Accounts Receivable: ₦500,000; Accounts Payable: ₦300,000; Common Stock: ₦1,000,000; Retained Earnings: ₦800,000. Prepare a balance sheet for the company as at December 31, 2016.

Answer Options

Correct Answer A. ₦2,300,000
B. ₦2,400,000
C. ₦2,500,000
D. ₦2,600,000
Correct Answer
A
Correct Option:
₦2,300,000

About This Question

This is Post Utme Caleb University 2017 Accounting Question 13. It is one of the objective questions from the 2017 Post Utme Caleb University Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support