Post Utme Lautech 2020 Accounting Question 8

Practice objective / multiple choice question 8 from the 2020 Post Utme Lautech Accounting examination.

Post Utme Lautech 2020 Accounting Objective / Multiple Choice
Question 8 POST_UTME_LAUTECH • 2020 • ACCOUNTING • objective

A company's trial balance shows the following balances: Accounts Payable ₦50,000, Sales Revenue ₦200,000, Cost of Goods Sold ₦150,000. What is the correct balance in the Balance Sheet?

Answer Options

A. ₦50,000
B. ₦200,000
C. ₦150,000
Correct Answer D. ₦50,000
Correct Answer
D
Correct Option:
₦50,000

About This Question

This is Post Utme Lautech 2020 Accounting Question 8. It is one of the objective questions from the 2020 Post Utme Lautech Accounting examination.

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