Post Utme Esut 2020 Accounting Question 27

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

Post Utme Esut 2020 Accounting Objective / Multiple Choice

Question 27 POST_UTME_ESUT • 2020 • ACCOUNTING • objective

A company's trial balance as of December 31, 2022, is as follows: Debit Credit Cash 10,000 0 Accounts Receivable 0 12,000 Prepaid Rent 0 6,000 Inventory 18,000 0 Equipment 0 24,000 Accumulated Depreciation 0 12,000 Total 28,000 54,000

Correct Answer A. Debit 28,000 and Credit 54,000

B. Debit 54,000 and Credit 28,000

C. Debit 28,000 and Credit 28,000

D. Debit 54,000 and Credit 54,000

Correct Answer

Correct Option:

Debit 28,000 and Credit 54,000

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

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