Post Utme Unilag 2017 Accounting Question 22

Practice objective / multiple choice question 22 from the 2017 Post Utme Unilag Accounting examination.

Post Utme Unilag 2017 Accounting Objective / Multiple Choice
Question 22 POST_UTME_UNILAG • 2017 • ACCOUNTING • objective

A company's trial balance as at 31st December, 2019 showed the following balances: Capital: ₦500,000; Profit for the year: ₦150,000; Drawings: ₦20,000; Sales: ₦500,000; Purchases: ₦400,000. Prepare the company's Balance Sheet as at 31st December, 2019.

Answer Options

Correct Answer A. ₦1,150,000
B. ₦1,170,000
C. ₦1,190,000
D. ₦1,200,000
Correct Answer
A
Correct Option:
₦1,150,000

About This Question

This is Post Utme Unilag 2017 Accounting Question 22. It is one of the objective questions from the 2017 Post Utme Unilag Accounting examination.

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