Post Utme Elizade University 2022 Accounting Question 22

Practice objective / multiple choice question 22 from the 2022 Post Utme Elizade University Accounting examination.

Post Utme Elizade University 2022 Accounting Objective / Multiple Choice
Question 22 POST_UTME_ELIZADE_UNIVERSITY • 2022 • ACCOUNTING • objective

A company's trial balance showed the following balances: Accounts Payable ₦100,000, Sales Revenue ₦500,000, Cost of Goods Sold ₦300,000, and Net Income ₦150,000. Prepare the company's Balance Sheet.

Answer Options

A. ₦700,000
B. ₦800,000
C. ₦900,000
Correct Answer D. ₦1,000,000
Correct Answer
D
Correct Option:
₦1,000,000

About This Question

This is Post Utme Elizade University 2022 Accounting Question 22. It is one of the objective questions from the 2022 Post Utme Elizade University Accounting examination.

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