Post Utme Unilag 2018 Accounting Question 19

Practice objective / multiple choice question 19 from the 2018 Post Utme Unilag Accounting examination.

Post Utme Unilag 2018 Accounting Objective / Multiple Choice
Question 19 POST_UTME_UNILAG • 2018 • ACCOUNTING • objective

A company's Balance Sheet showed the following balances: Share Capital ₦100,000, Reserves ₦50,000, and Total Assets ₦150,000. Prepare the Balance Sheet.

Answer Options

Correct Answer A. Share Capital ₦100,000, Reserves ₦50,000, Total Assets ₦150,000
B. Share Capital ₦100,000, Reserves ₦50,000, Total Liabilities ₦100,000
C. Share Capital ₦100,000, Reserves ₦50,000, Total Equity ₦150,000
D. Share Capital ₦100,000, Reserves ₦50,000, Total Assets ₦200,000
Correct Answer
A
Correct Option:
Share Capital ₦100,000, Reserves ₦50,000, Total Assets ₦150,000

About This Question

This is Post Utme Unilag 2018 Accounting Question 19. It is one of the objective questions from the 2018 Post Utme Unilag Accounting examination.

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