Post Utme Lasu 2022 Accounting Question 39

Practice objective / multiple choice question 39 from the 2022 Post Utme Lasu Accounting examination.

Post Utme Lasu 2022 Accounting Objective / Multiple Choice
Question 39 POST_UTME_LASU • 2022 • ACCOUNTING • objective

A company's trial balance showed the following balances: Accounts Payable ₦50,000, Sales Revenue ₦200,000, Cost of Goods Sold ₦150,000, and Common Stock ₦100,000. Prepare a classified balance sheet.

Answer Options

Correct Answer A. Assets ₦250,000, Liabilities ₦50,000, Equity ₦200,000
B. Assets ₦200,000, Liabilities ₦50,000, Equity ₦150,000
C. Assets ₦250,000, Liabilities ₦150,000, Equity ₦100,000
D. Assets ₦200,000, Liabilities ₦150,000, Equity ₦50,000
Correct Answer
A
Correct Option:
Assets ₦250,000, Liabilities ₦50,000, Equity ₦200,000

About This Question

This is Post Utme Lasu 2022 Accounting Question 39. It is one of the objective questions from the 2022 Post Utme Lasu Accounting examination.

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