Post Utme Lasu 2024 Accounting Question 4

Practice objective / multiple choice question 4 from the 2024 Post Utme Lasu Accounting examination.

Post Utme Lasu 2024 Accounting Objective / Multiple Choice
Question 4 POST_UTME_LASU • 2024 • ACCOUNTING • objective

A company has the following ledger balances: Cash ₦50,000, Debtors ₦30,000, Creditors ₦20,000. Prepare a trial balance.

Answer Options

Correct Answer A. Cash ₦50,000, Debtors ₦30,000, Creditors ₦20,000
B. Cash ₦50,000, Debtors ₦30,000, Creditors ₦20,000, Profit ₦10,000
C. Cash ₦50,000, Debtors ₦30,000, Creditors ₦20,000, Profit ₦20,000
D. Cash ₦50,000, Debtors ₦30,000, Creditors ₦20,000, Loss ₦10,000
Correct Answer
A
Correct Option:
Cash ₦50,000, Debtors ₦30,000, Creditors ₦20,000

About This Question

This is Post Utme Lasu 2024 Accounting Question 4. It is one of the objective questions from the 2024 Post Utme Lasu Accounting examination.

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