Post Utme Redeemers University 2017 Accounting Question 38

Practice objective / multiple choice question 38 from the 2017 Post Utme Redeemers University Accounting examination.

Post Utme Redeemers University 2017 Accounting Objective / Multiple Choice
Question 38 POST_UTME_REDEEMERS_UNIVERSITY • 2017 • ACCOUNTING • objective

A company's trial balance as at 31st December 2022 is as follows: Assets: Cash ₹50,000 Debtors ₹20,000 Stock ₹30,000 Equipment ₹40,000 Total Assets ₹1,40,000 Liabilities: Creditors ₹30,000 Capital ₹1,10,000 Total Liabilities ₹1,40,000 Prepare the balance sheet as at 31st December 2022.

Answer Options

Correct Answer A. ₹1,40,000
B. ₹1,50,000
C. ₹1,60,000
D. ₹1,70,000
Correct Answer
A
Correct Option:
₹1,40,000

About This Question

This is Post Utme Redeemers University 2017 Accounting Question 38. It is one of the objective questions from the 2017 Post Utme Redeemers University Accounting examination.

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