Post Utme Futo 2017 Accounting Question 7

Practice objective / multiple choice question 7 from the 2017 Post Utme Futo Accounting examination.

Post Utme Futo 2017 Accounting Objective / Multiple Choice
Question 7 POST_UTME_FUTO • 2017 • ACCOUNTING • objective

A company's trial balance as at 31st December, 2022, showed the following balances: Capital, ₦500,000; Profit and Loss Account, ₦200,000; Drawings, ₦50,000. Prepare the Balance Sheet as at 31st December, 2022.

Answer Options

A. ₦750,000
B. ₦800,000
Correct Answer C. ₦850,000
D. ₦900,000
Correct Answer
C
Correct Option:
₦850,000

About This Question

This is Post Utme Futo 2017 Accounting Question 7. It is one of the objective questions from the 2017 Post Utme Futo Accounting examination.

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