Post Utme Esut 2021 Accounting Question 7

Practice objective / multiple choice question 7 from the 2021 Post Utme Esut Accounting examination.

Post Utme Esut 2021 Accounting Objective / Multiple Choice
Question 7 POST_UTME_ESUT • 2021 • ACCOUNTING • objective

A company's trial balance as at 31st December, 2020, showed the following balances: Debtors: ₦50,000; Creditors: ₦30,000; Capital: ₦100,000; Profit and Loss Account: ₦20,000. Prepare the Balance Sheet as at 31st December, 2020.

Answer Options

A. ₦50,000; ₦30,000; ₦120,000; ₦20,000
B. ₦50,000; ₦30,000; ₦120,000; ₦20,000
C. ₦50,000; ₦30,000; ₦120,000; ₦20,000
Correct Answer D. ₦50,000; ₦30,000; ₦120,000; ₦20,000
Correct Answer
D
Correct Option:
₦50,000; ₦30,000; ₦120,000; ₦20,000

About This Question

This is Post Utme Esut 2021 Accounting Question 7. It is one of the objective questions from the 2021 Post Utme Esut Accounting examination.

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