Post Utme Lasu 2022 Accounting Question 12

Practice objective / multiple choice question 12 from the 2022 Post Utme Lasu Accounting examination.

Post Utme Lasu 2022 Accounting Objective / Multiple Choice

Question 12 POST_UTME_LASU • 2022 • ACCOUNTING • objective

A company has the following ledger balances: Cash ₦50,000, Accounts Payable ₦20,000, Common Stock ₦150,000, Retained Earnings ₦30,000. Prepare a trial balance.

Correct Answer A. Cash ₦50,000, Accounts Payable ₦20,000, Common Stock ₦150,000, Retained Earnings ₦30,000

B. Cash ₦50,000, Accounts Payable ₦20,000, Common Stock ₦150,000, Retained Earnings ₦40,000

C. Cash ₦50,000, Accounts Payable ₦20,000, Common Stock ₦150,000, Retained Earnings ₦50,000

D. Cash ₦50,000, Accounts Payable ₦20,000, Common Stock ₦150,000, Retained Earnings ₦60,000

Correct Answer

Correct Option:

Cash ₦50,000, Accounts Payable ₦20,000, Common Stock ₦150,000, Retained Earnings ₦30,000

This is Post Utme Lasu 2022 Accounting Question 12. It is one of the objective questions from the 2022 Post Utme Lasu Accounting examination.

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