Post Utme Caleb University 2019 Accounting Question 18

Practice objective / multiple choice question 18 from the 2019 Post Utme Caleb University Accounting examination.

Post Utme Caleb University 2019 Accounting Objective / Multiple Choice
Question 18 POST_UTME_CALEB_UNIVERSITY • 2019 • ACCOUNTING • objective

A company's trial balance shows the following accounts: Accounts Payable ₦150,000, Accounts Receivable ₦200,000, Common Stock ₦500,000, Dividends ₦20,000, Retained Earnings ₦100,000. Prepare the company's balance sheet.

Answer Options

Correct Answer A. Assets: ₦750,000, Liabilities: ₦150,000, Equity: ₦600,000
B. Assets: ₦650,000, Liabilities: ₦150,000, Equity: ₦500,000
C. Assets: ₦850,000, Liabilities: ₦150,000, Equity: ₦700,000
D. Assets: ₦950,000, Liabilities: ₦150,000, Equity: ₦800,000
Correct Answer
A
Correct Option:
Assets: ₦750,000, Liabilities: ₦150,000, Equity: ₦600,000

About This Question

This is Post Utme Caleb University 2019 Accounting Question 18. It is one of the objective questions from the 2019 Post Utme Caleb University Accounting examination.

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