Post Utme Nile University 2022 Accounting Question 24

Practice objective / multiple choice question 24 from the 2022 Post Utme Nile University Accounting examination.

Post Utme Nile University 2022 Accounting Objective / Multiple Choice
Question 24 POST_UTME_NILE_UNIVERSITY • 2022 • ACCOUNTING • objective

A company's journal entries for the month of January are as follows: Debit Accounts Payable ₦50,000, Credit Sales Revenue ₦200,000, Debit Cost of Goods Sold ₦150,000, and Credit Common Stock ₦100,000. Prepare a trial balance for the company.

Answer Options

Correct Answer A. ₦250,000, ₦350,000
B. ₦200,000, ₦300,000
C. ₦250,000, ₦400,000
D. ₦200,000, ₦450,000
Correct Answer
A
Correct Option:
₦250,000, ₦350,000

About This Question

This is Post Utme Nile University 2022 Accounting Question 24. It is one of the objective questions from the 2022 Post Utme Nile University Accounting examination.

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