Post Utme Caleb University 2020 Accounting Question 38

Practice objective / multiple choice question 38 from the 2020 Post Utme Caleb University Accounting examination.

Post Utme Caleb University 2020 Accounting Objective / Multiple Choice
Question 38 POST_UTME_CALEB_UNIVERSITY • 2020 • ACCOUNTING • objective

A company's Balance Sheet as at 31st December, 2022, showed the following balances: Share Capital ₦100,000, Retained Earnings ₦50,000, Accumulated Depreciation ₦20,000, Plant and Machinery ₦80,000, Investments ₦30,000. Prepare the Balance Sheet for the year.

Answer Options

A. ₦150,000
B. ₦120,000
Correct Answer C. ₦100,000
D. ₦80,000
Correct Answer
C
Correct Option:
₦100,000

About This Question

This is Post Utme Caleb University 2020 Accounting Question 38. It is one of the objective questions from the 2020 Post Utme Caleb University Accounting examination.

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