Post Utme Summit University 2019 Accounting Question 22

Practice objective / multiple choice question 22 from the 2019 Post Utme Summit University Accounting examination.

Post Utme Summit University 2019 Accounting Objective / Multiple Choice
Question 22 POST_UTME_SUMMIT_UNIVERSITY • 2019 • ACCOUNTING • objective

A company has the following ledger balances: Cash 10,000, Accounts Payable 5,000, Common Stock 20,000. Prepare a classified balance sheet.

Answer Options

A. Cash 10,000, Accounts Payable 5,000, Common Stock 20,000
B. Cash 10,000, Accounts Payable 5,000, Common Stock 30,000
Correct Answer C. Cash 10,000, Accounts Payable 5,000, Common Stock 20,000
D. Cash 10,000, Accounts Payable 5,000, Common Stock 40,000
Correct Answer
C
Correct Option:
Cash 10,000, Accounts Payable 5,000, Common Stock 20,000

About This Question

This is Post Utme Summit University 2019 Accounting Question 22. It is one of the objective questions from the 2019 Post Utme Summit University Accounting examination.

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