Post Utme Elizade University 2017 Accounting Question 39

Practice objective / multiple choice question 39 from the 2017 Post Utme Elizade University Accounting examination.

Post Utme Elizade University 2017 Accounting Objective / Multiple Choice

Question 39 POST_UTME_ELIZADE_UNIVERSITY • 2017 • ACCOUNTING • objective

A company's trial balance shows the following balances: Debit Cash: ₦0,000 Accounts Payable: ₦0,000 Credit Accounts Receivable: ₦0,000 Common Stock: ₦0,000 Identify the error in the trial balance and correct it.

Answer Options

A. Cash: ₦0,000; Accounts Payable: ₦0,000; Accounts Receivable: ₦0,000; Common Stock: ₦0,000

Correct Answer B. Cash: ₦0,000; Accounts Payable: ₦0,000; Accounts Receivable: ₦0,000; Common Stock: ₦0,000

C. Cash: ₦0,000; Accounts Payable: ₦0,000; Accounts Receivable: ₦0,000; Common Stock: ₦0,000

D. Cash: ₦0,000; Accounts Payable: ₦0,000; Accounts Receivable: ₦0,000; Common Stock: ₦0,000

Correct Answer

Correct Option:

Cash: ₦0,000; Accounts Payable: ₦0,000; Accounts Receivable: ₦0,000; Common Stock: ₦0,000

About This Question

This is Post Utme Elizade University 2017 Accounting Question 39. It is one of the objective questions from the 2017 Post Utme Elizade University Accounting examination.

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