Post Utme Caleb University 2025 Accounting Question 12

Practice objective / multiple choice question 12 from the 2025 Post Utme Caleb University Accounting examination.

Post Utme Caleb University 2025 Accounting Objective / Multiple Choice
Question 12 POST_UTME_CALEB_UNIVERSITY • 2025 • ACCOUNTING • objective

A company's trial balance showed the following balances: Accounts Payable ₦50,000, Sales ₦200,000, Cost of Goods Sold ₦150,000, and Common Stock ₦100,000. Prepare a balance sheet.

Answer Options

A. Assets: ₦200,000, Liabilities: ₦50,000, Equity: ₦150,000
Correct Answer B. Assets: ₦250,000, Liabilities: ₦50,000, Equity: ₦200,000
C. Assets: ₦300,000, Liabilities: ₦50,000, Equity: ₦250,000
D. Assets: ₦350,000, Liabilities: ₦50,000, Equity: ₦300,000
Correct Answer
B
Correct Option:
Assets: ₦250,000, Liabilities: ₦50,000, Equity: ₦200,000

About This Question

This is Post Utme Caleb University 2025 Accounting Question 12. It is one of the objective questions from the 2025 Post Utme Caleb University Accounting examination.

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