Post Utme Covenant University 2020 Accounting Question 35

Practice objective / multiple choice question 35 from the 2020 Post Utme Covenant University Accounting examination.

Post Utme Covenant University 2020 Accounting Objective / Multiple Choice

Question 35 POST_UTME_COVENANT_UNIVERSITY • 2020 • ACCOUNTING • objective

A company has the following ledger balances: Cash ₦500,000, Accounts Payable ₦200,000, Common Stock ₦300,000. Prepare a Balance Sheet.

Answer Options

Correct Answer A. Cash ₦500,000, Accounts Payable ₦200,000, Common Stock ₦300,000

B. Cash ₦500,000, Accounts Payable ₦200,000, Common Stock ₦400,000

C. Cash ₦500,000, Accounts Payable ₦300,000, Common Stock ₦300,000

D. Cash ₦500,000, Accounts Payable ₦300,000, Common Stock ₦400,000

Correct Answer

Correct Option:

Cash ₦500,000, Accounts Payable ₦200,000, Common Stock ₦300,000

About This Question

This is Post Utme Covenant University 2020 Accounting Question 35. It is one of the objective questions from the 2020 Post Utme Covenant University Accounting examination.

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