Post Utme Lead City University 2019 Accounting Question 40

Practice objective / multiple choice question 40 from the 2019 Post Utme Lead City University Accounting examination.

Post Utme Lead City University 2019 Accounting Objective / Multiple Choice
Question 40 POST_UTME_LEAD_CITY_UNIVERSITY • 2019 • ACCOUNTING • objective

A company has the following transactions: Purchased goods for ₦120,000 on credit, sold goods for ₦180,000 for cash, and paid a dividend of ₦30,000. Prepare the trial balance and correct any errors.

Answer Options

A. ₦120,000; ₦180,000; ₦30,000
B. ₦180,000; ₦120,000; ₦30,000
Correct Answer C. ₦120,000; ₦180,000; ₦30,000
D. ₦180,000; ₦120,000; ₦30,000
Correct Answer
C
Correct Option:
₦120,000; ₦180,000; ₦30,000

About This Question

This is Post Utme Lead City University 2019 Accounting Question 40. It is one of the objective questions from the 2019 Post Utme Lead City University Accounting examination.

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