Post Utme Futo 2021 Accounting Question 7

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

Post Utme Futo 2021 Accounting Objective / Multiple Choice
Question 7 POST_UTME_FUTO • 2021 • ACCOUNTING • objective

A company's trial balance showed the following balances: Accounts Payable ₦50,000, Sales Revenue ₦200,000, Cost of Goods Sold ₦150,000, and Common Stock ₦100,000. Prepare a balance sheet for the company.

Answer Options

A. ₦250,000
B. ₦300,000
Correct Answer C. ₦350,000
D. ₦400,000
Correct Answer
C
Correct Option:
₦350,000

About This Question

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

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