Post Utme Osustech 2025 Accounting Question 33

Practice objective / multiple choice question 33 from the 2025 Post Utme Osustech Accounting examination.

Post Utme Osustech 2025 Accounting Objective / Multiple Choice
Question 33 POST_UTME_OSUSTECH • 2025 • ACCOUNTING • objective

A company's trial balance shows the following balances: Accounts Payable ₦50,000, Accounts Receivable ₦20,000, Common Stock ₦100,000, Dividends ₦10,000, Retained Earnings ₦30,000. Prepare the company's balance sheet.

Answer Options

Correct Answer A. Assets: ₦150,000, Liabilities: ₦60,000, Equity: ₦90,000
B. Assets: ₦160,000, Liabilities: ₦50,000, Equity: ₦110,000
C. Assets: ₦140,000, Liabilities: ₦60,000, Equity: ₦80,000
D. Assets: ₦180,000, Liabilities: ₦50,000, Equity: ₦130,000
Correct Answer
A
Correct Option:
Assets: ₦150,000, Liabilities: ₦60,000, Equity: ₦90,000

About This Question

This is Post Utme Osustech 2025 Accounting Question 33. It is one of the objective questions from the 2025 Post Utme Osustech Accounting examination.

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