Post Utme Igbinedion University 2020 Accounting Question 32

Practice objective / multiple choice question 32 from the 2020 Post Utme Igbinedion University Accounting examination.

Post Utme Igbinedion University 2020 Accounting Objective / Multiple Choice
Question 32 POST_UTME_IGBINEDION_UNIVERSITY • 2020 • ACCOUNTING • objective

A company's trial balance showed the following balances: Accounts Payable ₦150,000, Sales Revenue ₦500,000, Cost of Goods Sold ₦300,000, and Common Stock ₦200,000. Prepare the company's balance sheet.

Answer Options

A. ₦1,250,000
B. ₦1,300,000
C. ₦1,350,000
Correct Answer D. ₦1,400,000
Correct Answer
D
Correct Option:
₦1,400,000

About This Question

This is Post Utme Igbinedion University 2020 Accounting Question 32. It is one of the objective questions from the 2020 Post Utme Igbinedion University Accounting examination.

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