Post Utme Eksu 2020 Accounting Question 30

Practice objective / multiple choice question 30 from the 2020 Post Utme Eksu Accounting examination.

Post Utme Eksu 2020 Accounting Objective / Multiple Choice

Question 30 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 30. It is one of the objective questions from the 2020 Post Utme Eksu Accounting examination.

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows

Chat with Support