Post Utme Redeemers University 2024 Accounting Question 7

Practice objective / multiple choice question 7 from the 2024 Post Utme Redeemers University Accounting examination.

Post Utme Redeemers University 2024 Accounting Objective / Multiple Choice
Question 7 POST_UTME_REDEEMERS_UNIVERSITY • 2024 • ACCOUNTING • objective

A company's trial balance as at December 31, 2022, showed the following balances: Cash ₦50,000, Accounts Payable ₦20,000, Common Stock ₦100,000, Retained Earnings ₦30,000, and Dividends ₦5,000. Prepare the company's balance sheet as at December 31, 2022.

Answer Options

A. ₦195,000
B. ₦200,000
Correct Answer C. ₦205,000
D. ₦210,000
Correct Answer
C
Correct Option:
₦205,000

About This Question

This is Post Utme Redeemers University 2024 Accounting Question 7. It is one of the objective questions from the 2024 Post Utme Redeemers University Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support