Post Utme Greenfield University 2018 Accounting Question 9

Practice objective / multiple choice question 9 from the 2018 Post Utme Greenfield University Accounting examination.

Post Utme Greenfield University 2018 Accounting Objective / Multiple Choice
Question 9 POST_UTME_GREENFIELD_UNIVERSITY • 2018 • ACCOUNTING • objective

A company has a self-balancing ledger with the following balances: Cash ₦50,000, Debtors ₦30,000, Creditors ₦20,000, and Capital ₦40,000. Prepare a trial balance.

Answer Options

Correct Answer A. Cash ₦50,000, Debtors ₦30,000, Creditors ₦20,000, Capital ₦40,000
B. Cash ₦50,000, Debtors ₦30,000, Creditors ₦20,000, Capital ₦60,000
C. Cash ₦50,000, Debtors ₦30,000, Creditors ₦20,000, Capital ₦80,000
D. Cash ₦50,000, Debtors ₦30,000, Creditors ₦20,000, Capital ₦100,000
Correct Answer
A
Correct Option:
Cash ₦50,000, Debtors ₦30,000, Creditors ₦20,000, Capital ₦40,000

About This Question

This is Post Utme Greenfield University 2018 Accounting Question 9. It is one of the objective questions from the 2018 Post Utme Greenfield University Accounting examination.

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