Post Utme Christopher University 2025 Accounting Question 22

Practice objective / multiple choice question 22 from the 2025 Post Utme Christopher University Accounting examination.

Post Utme Christopher University 2025 Accounting Objective / Multiple Choice
Question 22 POST_UTME_CHRISTOPHER_UNIVERSITY • 2025 • ACCOUNTING • objective

A company's trial balance showed the following balances: Cash ₦50,000, Accounts Payable ₦20,000, Common Stock ₦100,000, and Retained Earnings ₦30,000. Prepare the company's balance sheet.

Answer Options

A. Assets ₦150,000, Liabilities ₦50,000, Equity ₦100,000
B. Assets ₦200,000, Liabilities ₦50,000, Equity ₦150,000
Correct Answer C. Assets ₦150,000, Liabilities ₦50,000, Equity ₦100,000
D. Assets ₦200,000, Liabilities ₦50,000, Equity ₦150,000
Correct Answer
C
Correct Option:
Assets ₦150,000, Liabilities ₦50,000, Equity ₦100,000

About This Question

This is Post Utme Christopher University 2025 Accounting Question 22. It is one of the objective questions from the 2025 Post Utme Christopher University Accounting examination.

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