Post Utme Lead City University 2019 Accounting Question 39

Practice objective / multiple choice question 39 from the 2019 Post Utme Lead City University Accounting examination.

Post Utme Lead City University 2019 Accounting Objective / Multiple Choice
Question 39 POST_UTME_LEAD_CITY_UNIVERSITY • 2019 • ACCOUNTING • objective

A company has the following transactions: Issued 10,000 shares at ₦5 each, purchased goods for ₦80,000 on credit, and sold goods for ₦120,000 for cash. Prepare the company's balance sheet.

Answer Options

Correct Answer A. ₦50,000; ₦80,000; ₦120,000
B. ₦80,000; ₦120,000; ₦50,000
C. ₦120,000; ₦80,000; ₦50,000
D. ₦50,000; ₦120,000; ₦80,000
Correct Answer
A
Correct Option:
₦50,000; ₦80,000; ₦120,000

About This Question

This is Post Utme Lead City University 2019 Accounting Question 39. It is one of the objective questions from the 2019 Post Utme Lead City University Accounting examination.

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