Post Utme Skyline University 2017 Accounting Question 38

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

Post Utme Skyline University 2017 Accounting Objective / Multiple Choice
Question 38 POST_UTME_SKYLINE_UNIVERSITY • 2017 • ACCOUNTING • objective

A company has the following ledger balances: Cash £ 10,000, Debtors £ 20,000, Creditors £ 15,000. Prepare the trial balance.

Answer Options

Correct Answer A. Cash £ 10,000, Debtors £ 20,000, Creditors £ 15,000
B. Cash £ 25,000, Debtors £ 5,000, Creditors £ 10,000
C. Cash £ 5,000, Debtors £ 25,000, Creditors £ 10,000
D. Cash £ 10,000, Debtors £ 5,000, Creditors £ 25,000
Correct Answer
A
Correct Option:
Cash £ 10,000, Debtors £ 20,000, Creditors £ 15,000

About This Question

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

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