Post Utme Coal City University 2023 Accounting Question 3

Practice objective / multiple choice question 3 from the 2023 Post Utme Coal City University Accounting examination.

Post Utme Coal City University 2023 Accounting Objective / Multiple Choice
Question 3 POST_UTME_COAL_CITY_UNIVERSITY • 2023 • ACCOUNTING • objective

A company's trial balance shows the following balances: Accounts Payable ₦100,000, Sales Revenue ₦500,000, Cost of Goods Sold ₦300,000, and Net Income ₦150,000. Prepare a balance sheet for the company.

Answer Options

A. ₦700,000
B. ₦800,000
Correct Answer C. ₦900,000
D. ₦1,000,000
Correct Answer
C
Correct Option:
₦900,000

About This Question

This is Post Utme Coal City University 2023 Accounting Question 3. It is one of the objective questions from the 2023 Post Utme Coal City University Accounting examination.

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