Post Utme Lead City University 2022 Accounting Question 12

Practice objective / multiple choice question 12 from the 2022 Post Utme Lead City University Accounting examination.

Post Utme Lead City University 2022 Accounting Objective / Multiple Choice
Question 12 POST_UTME_LEAD_CITY_UNIVERSITY • 2022 • ACCOUNTING • objective

A company's trial balance showed the following balances: Accounts Payable ₦50,000, Sales Revenue ₦100,000, Cost of Goods Sold ₦80,000, and Common Stock ₦200,000. Prepare the adjusted trial balance.

Answer Options

A. Accounts Payable ₦50,000, Sales Revenue ₦100,000, Cost of Goods Sold ₦80,000, Common Stock ₦200,000
B. Accounts Payable ₦50,000, Sales Revenue ₦100,000, Cost of Goods Sold ₦80,000, Common Stock ₦250,000
Correct Answer C. Accounts Payable ₦50,000, Sales Revenue ₦100,000, Cost of Goods Sold ₦80,000, Common Stock ₦200,000
D. Accounts Payable ₦50,000, Sales Revenue ₦100,000, Cost of Goods Sold ₦80,000, Common Stock ₦150,000
Correct Answer
C
Correct Option:
Accounts Payable ₦50,000, Sales Revenue ₦100,000, Cost of Goods Sold ₦80,000, Common Stock ₦200,000

About This Question

This is Post Utme Lead City University 2022 Accounting Question 12. It is one of the objective questions from the 2022 Post Utme Lead City University Accounting examination.

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