Post Utme Summit University 2023 Accounting Question 16
Practice objective / multiple choice question 16 from the 2023 Post Utme Summit University Accounting examination.
A company has the following trial balance: Accounts Payable ₦50,000; Accounts Receivable ₦30,000; Common Stock ₦100,000; Dividends ₦10,000; Equipment ₦80,000; Interest Expense ₦5,000; Interest Income ₦2,000; Net Income ₦20,000; Retained Earnings ₦50,000; Salaries Expense ₦15,000; Sales Revenue ₦120,000; Utilities Expense ₦3,000. Prepare a balance sheet.
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About This Question
This is Post Utme Summit University 2023 Accounting Question 16. It is one of the objective questions from the 2023 Post Utme Summit University Accounting examination.
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