Post Utme Lasu 2024 Accounting Question 32
Practice objective / multiple choice question 32 from the 2024 Post Utme Lasu Accounting examination.
The following is a trial balance for a trading company: | Account | Debit | Credit | | --- | --- | --- | | Cash | 10,000 | 0 | | Accounts Payable | 0 | 5,000 | | Sales Revenue | 0 | 15,000 | | Cost of Goods Sold | 8,000 | 0 | | Net Income | 0 | 0 | | Total | 18,000 | 20,000 | What is the correct classification of the above trial balance?
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About This Question
This is Post Utme Lasu 2024 Accounting Question 32. It is one of the objective questions from the 2024 Post Utme Lasu Accounting examination.
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