Post Utme Mountain Top University 2019 Accounting Question 25

Practice objective / multiple choice question 25 from the 2019 Post Utme Mountain Top University Accounting examination.

Post Utme Mountain Top University 2019 Accounting Objective / Multiple Choice
Question 25 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2019 • ACCOUNTING • objective

A company has the following trial balance: Debit: ₦100,000; Credit: ₦80,000. Prepare the balance sheet.

Answer Options

A. Assets: ₦100,000; Liabilities: ₦80,000; Capital: ₦20,000
B. Assets: ₦80,000; Liabilities: ₦100,000; Capital: ₦20,000
Correct Answer C. Assets: ₦100,000; Liabilities: ₦80,000; Capital: ₦20,000
D. Assets: ₦80,000; Liabilities: ₦100,000; Capital: ₦20,000
Correct Answer
C
Correct Option:
Assets: ₦100,000; Liabilities: ₦80,000; Capital: ₦20,000

About This Question

This is Post Utme Mountain Top University 2019 Accounting Question 25. It is one of the objective questions from the 2019 Post Utme Mountain Top University Accounting examination.

View More Post Utme Mountain Top University 2019 Accounting Questions More Post Utme Mountain Top University Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support