Post Utme Futo 2023 Accounting Question 29

Practice objective / multiple choice question 29 from the 2023 Post Utme Futo Accounting examination.

Post Utme Futo 2023 Accounting Objective / Multiple Choice
Question 29 POST_UTME_FUTO • 2023 • ACCOUNTING • objective

A company's trial balance shows the following balances: Debit: ₦ 100,000, Credit: ₦ 80,000. Prepare the company's balance sheet.

Answer Options

A. Assets ₦ 100,000, Liabilities ₦ 80,000, Equity ₦ 20,000
B. Assets ₦ 80,000, Liabilities ₦ 100,000, Equity ₦ 20,000
Correct Answer C. Assets ₦ 100,000, Liabilities ₦ 80,000, Equity ₦ 20,000
D. Assets ₦ 80,000, Liabilities ₦ 80,000, Equity ₦ 20,000
Correct Answer
C
Correct Option:
Assets ₦ 100,000, Liabilities ₦ 80,000, Equity ₦ 20,000

About This Question

This is Post Utme Futo 2023 Accounting Question 29. It is one of the objective questions from the 2023 Post Utme Futo Accounting examination.

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