Post Utme Futo 2018 Accounting Question 17

Practice objective / multiple choice question 17 from the 2018 Post Utme Futo Accounting examination.

Post Utme Futo 2018 Accounting Objective / Multiple Choice
Question 17 POST_UTME_FUTO • 2018 • ACCOUNTING • objective

A company's trial balance shows the following balances: Accounts Payable ₦120,000, Sales Revenue ₦500,000, Cost of Goods Sold ₦300,000, and Common Stock ₦200,000. Prepare a balance sheet.

Answer Options

A. ₦1,000,000
Correct Answer B. ₦1,200,000
C. ₦1,500,000
D. ₦2,000,000
Correct Answer
B
Correct Option:
₦1,200,000

About This Question

This is Post Utme Futo 2018 Accounting Question 17. It is one of the objective questions from the 2018 Post Utme Futo Accounting examination.

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