Post Utme Covenant University 2020 Accounting Question 26

Practice objective / multiple choice question 26 from the 2020 Post Utme Covenant University Accounting examination.

Post Utme Covenant University 2020 Accounting Objective / Multiple Choice
Question 26 POST_UTME_COVENANT_UNIVERSITY • 2020 • ACCOUNTING • objective

The following trial balance of a company is given. Prepare the ledger accounts for the company.

Answer Options

A. Assets = ₦100,000, Liabilities = ₦50,000, Capital = ₦50,000
B. Assets = ₦50,000, Liabilities = ₦100,000, Capital = ₦50,000
Correct Answer C. Assets = ₦100,000, Liabilities = ₦50,000, Capital = ₦50,000
D. Assets = ₦50,000, Liabilities = ₦50,000, Capital = ₦100,000
Correct Answer
C
Correct Option:
Assets = ₦100,000, Liabilities = ₦50,000, Capital = ₦50,000

About This Question

This is Post Utme Covenant University 2020 Accounting Question 26. It is one of the objective questions from the 2020 Post Utme Covenant University Accounting examination.

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