Post Utme Joseph Ayo Babalola University 2022 Accounting Question 18

Practice objective / multiple choice question 18 from the 2022 Post Utme Joseph Ayo Babalola University Accounting examination.

Post Utme Joseph Ayo Babalola University 2022 Accounting Objective / Multiple Choice
Question 18 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2022 • ACCOUNTING • objective

A company has the following balances in its ledger: Debit: ₦1,000,000 (Sales), ₦500,000 (Purchases), ₦200,000 (Rent), ₦300,000 (Wages) Credit: ₦1,200,000 (Capital), ₦800,000 (Drawings), ₦400,000 (Interest) Prepare the Balance Sheet for the company.

Answer Options

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

About This Question

This is Post Utme Joseph Ayo Babalola University 2022 Accounting Question 18. It is one of the objective questions from the 2022 Post Utme Joseph Ayo Babalola University Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support