Post Utme Futa 2018 Accounting Question 21

Practice objective / multiple choice question 21 from the 2018 Post Utme Futa Accounting examination.

Post Utme Futa 2018 Accounting Objective / Multiple Choice
Question 21 POST_UTME_FUTA • 2018 • ACCOUNTING • objective

A company uses the double-entry system of accounting. The company's trial balance shows the following balances: Accounts Payable ₦150,000, Accounts Receivable ₦200,000, Common Stock ₦500,000, Dividends ₦20,000, Equipment ₦300,000, Interest Expense ₦15,000, Interest Income ₦12,000, Net Income ₦100,000, Retained Earnings ₦250,000, Salaries Expense ₦80,000, Sales Revenue ₦600,000, and Utilities Expense ₦30,000. What is the correct order of the accounts in the general ledger?

Answer Options

A. Assets, Liabilities, Equity, Revenues, Expenses, Dividends
B. Assets, Liabilities, Equity, Revenues, Dividends, Expenses
Correct Answer C. Assets, Liabilities, Equity, Revenues, Expenses, Dividends
D. Assets, Liabilities, Equity, Dividends, Revenues, Expenses
Correct Answer
C
Correct Option:
Assets, Liabilities, Equity, Revenues, Expenses, Dividends

About This Question

This is Post Utme Futa 2018 Accounting Question 21. It is one of the objective questions from the 2018 Post Utme Futa Accounting examination.

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