Post Utme Rhema University 2024 Accounting Question 25

Practice objective / multiple choice question 25 from the 2024 Post Utme Rhema University Accounting examination.

Post Utme Rhema University 2024 Accounting Objective / Multiple Choice
Question 25 POST_UTME_RHEMA_UNIVERSITY • 2024 • ACCOUNTING • objective

A company uses the double-entry system of accounting. The company's trial balance shows the following balances: Accounts Payable ₦200,000, Accounts Receivable ₦150,000, and Common Stock ₦500,000. Prepare the company's balance sheet.

Answer Options

A. ₦1,000,000
B. ₦1,200,000
C. ₦1,500,000
Correct Answer D. ₦2,000,000
Correct Answer
D
Correct Option:
₦2,000,000

About This Question

This is Post Utme Rhema University 2024 Accounting Question 25. It is one of the objective questions from the 2024 Post Utme Rhema University Accounting examination.

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