Post Utme Summit University 2025 Accounting Question 6

Practice objective / multiple choice question 6 from the 2025 Post Utme Summit University Accounting examination.

Post Utme Summit University 2025 Accounting Objective / Multiple Choice
Question 6 POST_UTME_SUMMIT_UNIVERSITY • 2025 • ACCOUNTING • objective

A company uses the double-entry system of accounting. The trial balance shows the following balances: Debitors ₦ 50,000, Creditors ₦ 30,000, Capital ₦ 100,000. The company's accountant wants to prepare a balance sheet. What is the correct order of preparation?

Answer Options

Correct Answer A. Assets, Liabilities, Capital
B. Liabilities, Assets, Capital
C. Capital, Liabilities, Assets
D. Assets, Capital, Liabilities
Correct Answer
A
Correct Option:
Assets, Liabilities, Capital

About This Question

This is Post Utme Summit University 2025 Accounting Question 6. It is one of the objective questions from the 2025 Post Utme Summit University Accounting examination.

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