Post Utme Nile University 2022 Accounting Question 9

Practice objective / multiple choice question 9 from the 2022 Post Utme Nile University Accounting examination.

Post Utme Nile University 2022 Accounting Objective / Multiple Choice
Question 9 POST_UTME_NILE_UNIVERSITY • 2022 • ACCOUNTING • objective

A company's balance sheet as at 31st December shows the following: | Assets | | | Liabilities | | | | --- | --- | --- | --- | --- | --- | | Cash | 10,000 | | Bank Loan | | 20,000 | | Debtors | | 30,000 | Creditors | | 10,000 | | Stock | | 40,000 | Share Capital | | 50,000 | | | | 80,000 | | | 80,000 | Prepare the balance sheet.

Answer Options

Correct Answer A. Total Assets: 80,000, Total Liabilities: 80,000
B. Total Assets: 90,000, Total Liabilities: 80,000
C. Total Assets: 80,000, Total Liabilities: 90,000
D. Total Assets: 90,000, Total Liabilities: 90,000
Correct Answer
A
Correct Option:
Total Assets: 80,000, Total Liabilities: 80,000

About This Question

This is Post Utme Nile University 2022 Accounting Question 9. It is one of the objective questions from the 2022 Post Utme Nile University Accounting examination.

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