Post Utme Futa 2017 Accounting Question 30

Practice objective / multiple choice question 30 from the 2017 Post Utme Futa Accounting examination.

Post Utme Futa 2017 Accounting Objective / Multiple Choice
Question 30 POST_UTME_FUTA • 2017 • ACCOUNTING • objective

A company has the following accounts in its ledger: Cash 10,000, Accounts Receivable 15,000, Inventory 20,000, Prepaid Rent 5,000, and Equipment 30,000. Prepare a balance sheet.

Answer Options

Correct Answer A. Cash 10,000, Accounts Receivable 15,000, Inventory 20,000, Prepaid Rent 5,000, and Equipment 30,000
B. Cash 10,000, Accounts Receivable 15,000, Inventory 20,000, Prepaid Rent 5,000, and Equipment 25,000
C. Cash 10,000, Accounts Receivable 15,000, Inventory 20,000, Prepaid Rent 5,000, and Equipment 35,000
D. Cash 10,000, Accounts Receivable 15,000, Inventory 20,000, Prepaid Rent 5,000, and Equipment 40,000
Correct Answer
A
Correct Option:
Cash 10,000, Accounts Receivable 15,000, Inventory 20,000, Prepaid Rent 5,000, and Equipment 30,000

About This Question

This is Post Utme Futa 2017 Accounting Question 30. It is one of the objective questions from the 2017 Post Utme Futa Accounting examination.

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