Post Utme Summit University 2021 Accounting Question 38

Practice objective / multiple choice question 38 from the 2021 Post Utme Summit University Accounting examination.

Post Utme Summit University 2021 Accounting Objective / Multiple Choice
Question 38 POST_UTME_SUMMIT_UNIVERSITY • 2021 • ACCOUNTING • objective

A company's trial balance shows the following balances: Accounts Payable ₦50,000, Sales Revenue ₦200,000, Cost of Goods Sold ₦150,000, and Common Stock ₦100,000. Prepare a balance sheet for the company.

Answer Options

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

About This Question

This is Post Utme Summit University 2021 Accounting Question 38. It is one of the objective questions from the 2021 Post Utme Summit University Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support