Post Utme Elizade University 2023 Accounting Question 19

Practice objective / multiple choice question 19 from the 2023 Post Utme Elizade University Accounting examination.

Post Utme Elizade University 2023 Accounting Objective / Multiple Choice
Question 19 POST_UTME_ELIZADE_UNIVERSITY • 2023 • ACCOUNTING • objective

A company has the following trial balance: | Account | Debit | Credit | | --- | --- | --- | | Cash | ₦50,000 | ₦0 | | Accounts Payable | ₦0 | ₦20,000 | | Equipment | ₦100,000 | ₦0 | | Sales Revenue | ₦0 | ₦150,000 | | Cost of Goods Sold | ₦0 | ₦80,000 | Prepare the adjusted trial balance.

Answer Options

Correct Answer A. Cash ₦50,000, Accounts Payable ₦20,000, Equipment ₦100,000, Sales Revenue ₦150,000, Cost of Goods Sold ₦80,000
B. Cash ₦50,000, Accounts Payable ₦20,000, Equipment ₦100,000, Sales Revenue ₦150,000, Cost of Goods Sold ₦80,000
C. Cash ₦50,000, Accounts Payable ₦20,000, Equipment ₦100,000, Sales Revenue ₦150,000, Cost of Goods Sold ₦80,000
D. Cash ₦50,000, Accounts Payable ₦20,000, Equipment ₦100,000, Sales Revenue ₦150,000, Cost of Goods Sold ₦80,000
Correct Answer
A
Correct Option:
Cash ₦50,000, Accounts Payable ₦20,000, Equipment ₦100,000, Sales Revenue ₦150,000, Cost of Goods Sold ₦80,000

About This Question

This is Post Utme Elizade University 2023 Accounting Question 19. It is one of the objective questions from the 2023 Post Utme Elizade University Accounting examination.

View More Post Utme Elizade University 2023 Accounting Questions More Post Utme Elizade University Practice Questions Back to Questions

Master the Exam!

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