Post Utme Nile University 2023 Accounting Question 3

Practice objective / multiple choice question 3 from the 2023 Post Utme Nile University Accounting examination.

Post Utme Nile University 2023 Accounting Objective / Multiple Choice
Question 3 POST_UTME_NILE_UNIVERSITY • 2023 • ACCOUNTING • objective

A company's trial balance shows the following balances: | Account | Debit | Credit | | --- | --- | --- | | Cash | 1000 | | | Bank | | 500 | | Sales | | 2000 | | Purchases | 1500 | | | Capital | | 3000 | Prepare the ledger accounts for the above transactions.

Answer Options

Correct Answer A. Cash: 1000, Bank: 500, Sales: 2000, Purchases: 1500, Capital: 3000
B. Cash: 500, Bank: 1000, Sales: 1500, Purchases: 2000, Capital: 3000
C. Cash: 1000, Bank: 500, Sales: 1500, Purchases: 2000, Capital: 3000
D. Cash: 500, Bank: 1000, Sales: 2000, Purchases: 1500, Capital: 3000
Correct Answer
A
Correct Option:
Cash: 1000, Bank: 500, Sales: 2000, Purchases: 1500, Capital: 3000

About This Question

This is Post Utme Nile University 2023 Accounting Question 3. It is one of the objective questions from the 2023 Post Utme Nile University Accounting examination.

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