Post Utme Caleb University 2023 Accounting Question 35

Practice objective / multiple choice question 35 from the 2023 Post Utme Caleb University Accounting examination.

Post Utme Caleb University 2023 Accounting Objective / Multiple Choice
Question 35 POST_UTME_CALEB_UNIVERSITY • 2023 • ACCOUNTING • objective

A company's trial balance shows the following balances: Accounts Payable ₦50,000, Accounts Receivable ₦30,000, Sales Revenue ₦150,000, Cost of Goods Sold ₦80,000. Prepare a statement of financial position for the company.

Answer Options

A. ₦200,000
Correct Answer B. ₦250,000
C. ₦300,000
D. ₦350,000
Correct Answer
B
Correct Option:
₦250,000

About This Question

This is Post Utme Caleb University 2023 Accounting Question 35. It is one of the objective questions from the 2023 Post Utme Caleb University Accounting examination.

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