Post Utme Summit University 2019 Accounting Question 23

Practice objective / multiple choice question 23 from the 2019 Post Utme Summit University Accounting examination.

Post Utme Summit University 2019 Accounting Objective / Multiple Choice
Question 23 POST_UTME_SUMMIT_UNIVERSITY • 2019 • ACCOUNTING • objective

A company uses the single-entry system and has the following transactions: Cash 10,000, Accounts Payable 5,000, Common Stock 20,000. Prepare a trial balance.

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

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