Post Utme Caleb University 2017 Accounting Question 20

Practice objective / multiple choice question 20 from the 2017 Post Utme Caleb University Accounting examination.

Post Utme Caleb University 2017 Accounting Objective / Multiple Choice
Question 20 POST_UTME_CALEB_UNIVERSITY • 2017 • ACCOUNTING • objective

A company has the following ledger balances: Cash ₦50,000, Debtors ₦100,000, Creditors ₦20,000, and Capital ₦200,000. Prepare the balance sheet for the company.

Answer Options

A. Cash ₦50,000, Debtors ₦100,000, Creditors ₦20,000, Capital ₦200,000
B. Cash ₦50,000, Debtors ₦100,000, Creditors ₦20,000, Capital ₦250,000
C. Cash ₦50,000, Debtors ₦100,000, Creditors ₦20,000, Capital ₦300,000
Correct Answer D. Cash ₦50,000, Debtors ₦100,000, Creditors ₦20,000, Capital ₦250,000
Correct Answer
D
Correct Option:
Cash ₦50,000, Debtors ₦100,000, Creditors ₦20,000, Capital ₦250,000

About This Question

This is Post Utme Caleb University 2017 Accounting Question 20. It is one of the objective questions from the 2017 Post Utme Caleb University Accounting examination.

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