Post Utme Crawford University 2022 Accounting Question 3

Practice objective / multiple choice question 3 from the 2022 Post Utme Crawford University Accounting examination.

Post Utme Crawford University 2022 Accounting Objective / Multiple Choice
Question 3 POST_UTME_CRAWFORD_UNIVERSITY • 2022 • ACCOUNTING • objective

A company has the following trial balance: Accounts Payable 10,000, Accounts Receivable 5,000, Common Stock 20,000. Prepare the balance sheet.

Answer Options

Correct Answer A. Assets: Accounts Payable 10,000, Accounts Receivable 5,000. Liabilities: Common Stock 20,000
B. Assets: Accounts Payable 10,000, Accounts Receivable 5,000. Equity: Common Stock 20,000
C. Liabilities: Accounts Payable 10,000, Accounts Receivable 5,000. Equity: Common Stock 20,000
D. Assets: Accounts Payable 10,000, Accounts Receivable 5,000. Liabilities: Common Stock 20,000
Correct Answer
A
Correct Option:
Assets: Accounts Payable 10,000, Accounts Receivable 5,000. Liabilities: Common Stock 20,000

About This Question

This is Post Utme Crawford University 2022 Accounting Question 3. It is one of the objective questions from the 2022 Post Utme Crawford University Accounting examination.

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