Post Utme Skyline University 2023 Accounting Question 19

Practice objective / multiple choice question 19 from the 2023 Post Utme Skyline University Accounting examination.

Post Utme Skyline University 2023 Accounting Objective / Multiple Choice
Question 19 POST_UTME_SKYLINE_UNIVERSITY • 2023 • ACCOUNTING • objective

A company's trial balance as at December 31, 2022, shows the following: ₦100,000 debit balance in the trading account; ₦50,000 credit balance in the profit and loss account; ₦20,000 debit balance in the drawings account. Prepare the company's balance sheet as at December 31, 2022.

Answer Options

A. ₦150,000
B. ₦200,000
C. ₦250,000
Correct Answer D. ₦300,000
Correct Answer
D
Correct Option:
₦300,000

About This Question

This is Post Utme Skyline University 2023 Accounting Question 19. It is one of the objective questions from the 2023 Post Utme Skyline University Accounting examination.

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