Post Utme Uniben 2024 Accounting Question 3

Practice objective / multiple choice question 3 from the 2024 Post Utme Uniben Accounting examination.

Post Utme Uniben 2024 Accounting Objective / Multiple Choice
Question 3 POST_UTME_UNIBEN • 2024 • ACCOUNTING • objective

A company's trial balance shows the following balances: Accounts Payable ₦0,000, Accounts Receivable ₦0,000, Common Stock ₦1,000, and Retained Earnings ₦0,000. Prepare a balance sheet for the company.

Answer Options

Correct Answer A. Assets: ₦1,000, Liabilities: ₦0,000, Equity: ₦1,000
B. Assets: ₦1,000, Liabilities: ₦0,000, Equity: ₦0,000
C. Assets: ₦0,000, Liabilities: ₦0,000, Equity: ₦0,000
D. Assets: ₦0,000, Liabilities: ₦1,000, Equity: ₦0,000
Correct Answer
A
Correct Option:
Assets: ₦1,000, Liabilities: ₦0,000, Equity: ₦1,000

About This Question

This is Post Utme Uniben 2024 Accounting Question 3. It is one of the objective questions from the 2024 Post Utme Uniben Accounting examination.

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