Post Utme Oau 2017 Accounting Question 39

Practice objective / multiple choice question 39 from the 2017 Post Utme Oau Accounting examination.

Post Utme Oau 2017 Accounting Objective / Multiple Choice
Question 39 POST_UTME_OAU • 2017 • ACCOUNTING • objective

A company has the following balance sheet: ₦100,000 in cash, ₦50,000 in debtors, ₦20,000 in creditors, ₦30,000 in stock, and ₦40,000 in machinery. Prepare the balance sheet.

Answer Options

Correct Answer A. ₦100,000 in cash, ₦50,000 in debtors, ₦20,000 in creditors, ₦30,000 in stock, ₦40,000 in machinery
B. ₦100,000 in cash, ₦50,000 in debtors, ₦20,000 in creditors, ₦30,000 in stock, ₦40,000 in machinery, ₦10,000 in profit
C. ₦100,000 in cash, ₦50,000 in debtors, ₦20,000 in creditors, ₦30,000 in stock, ₦40,000 in machinery, ₦10,000 in profit, ₦5,000 in dividend
D. ₦100,000 in cash, ₦50,000 in debtors, ₦20,000 in creditors, ₦30,000 in stock, ₦40,000 in machinery, ₦10,000 in profit, ₦5,000 in dividend, ₦2,000 in tax
Correct Answer
A
Correct Option:
₦100,000 in cash, ₦50,000 in debtors, ₦20,000 in creditors, ₦30,000 in stock, ₦40,000 in machinery

About This Question

This is Post Utme Oau 2017 Accounting Question 39. It is one of the objective questions from the 2017 Post Utme Oau Accounting examination.

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