Post Utme Eksu 2020 Accounting Question 27

Practice objective / multiple choice question 27 from the 2020 Post Utme Eksu Accounting examination.

Post Utme Eksu 2020 Accounting Objective / Multiple Choice

Question 27 POST_UTME_EKSU • 2020 • ACCOUNTING • objective

A company's trial balance showed the following balances: Accounts Payable £ 10,000, Accounts Receivable £ 5,000, Sales Revenue £ 20,000, Cost of Goods Sold £ 15,000. Prepare a corrected trial balance.

A. Accounts Payable £ 10,000, Accounts Receivable £ 5,000, Sales Revenue £ 20,000, Cost of Goods Sold £ 15,000

B. Accounts Payable £ 10,000, Accounts Receivable £ 5,000, Sales Revenue £ 25,000, Cost of Goods Sold £ 20,000

Correct Answer C. Accounts Payable £ 10,000, Accounts Receivable £ 5,000, Sales Revenue £ 20,000, Cost of Goods Sold £ 15,000

D. Accounts Payable £ 10,000, Accounts Receivable £ 5,000, Sales Revenue £ 25,000, Cost of Goods Sold £ 20,000

Correct Answer

Correct Option:

Accounts Payable £ 10,000, Accounts Receivable £ 5,000, Sales Revenue £ 20,000, Cost of Goods Sold £ 15,000

This is Post Utme Eksu 2020 Accounting Question 27. It is one of the objective questions from the 2020 Post Utme Eksu Accounting examination.

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