Post Utme Rsu 2020 Accounting Question 27

Practice objective / multiple choice question 27 from the 2020 Post Utme Rsu Accounting examination.

Post Utme Rsu 2020 Accounting Objective / Multiple Choice

Question 27 POST_UTME_RSU • 2020 • ACCOUNTING • objective

A company's trial balance has the following accounts: Cash ₦50,000, Accounts Payable ₦20,000, Common Stock ₦100,000, and Retained Earnings ₦30,000. Prepare the balance sheet.

A. Cash ₦50,000, Accounts Payable ₦20,000, Common Stock ₦100,000, Retained Earnings ₦30,000

Correct Answer B. Cash ₦50,000, Accounts Payable ₦20,000, Common Stock ₦100,000, Retained Earnings ₦30,000

C. Cash ₦50,000, Accounts Payable ₦20,000, Common Stock ₦100,000, Retained Earnings ₦30,000

D. Cash ₦50,000, Accounts Payable ₦20,000, Common Stock ₦100,000, Retained Earnings ₦30,000

Correct Answer

Correct Option:

Cash ₦50,000, Accounts Payable ₦20,000, Common Stock ₦100,000, Retained Earnings ₦30,000

This is Post Utme Rsu 2020 Accounting Question 27. It is one of the objective questions from the 2020 Post Utme Rsu Accounting examination.

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