Post Utme Unilag 2019 Accounting Question 3

Practice objective / multiple choice question 3 from the 2019 Post Utme Unilag Accounting examination.

Post Utme Unilag 2019 Accounting Objective / Multiple Choice
Question 3 POST_UTME_UNILAG • 2019 • ACCOUNTING • objective

A company has the following ledger balances: Cash ₦50,000, Accounts Payable ₦30,000, Common Stock ₦100,000. Prepare a trial balance.

Answer Options

Correct Answer A. Cash ₦50,000, Accounts Payable ₦30,000, Common Stock ₦100,000
B. Cash ₦50,000, Accounts Payable ₦30,000, Common Stock ₦120,000
C. Cash ₦50,000, Accounts Payable ₦30,000, Common Stock ₦90,000
D. Cash ₦50,000, Accounts Payable ₦30,000, Common Stock ₦110,000
Correct Answer
A
Correct Option:
Cash ₦50,000, Accounts Payable ₦30,000, Common Stock ₦100,000

About This Question

This is Post Utme Unilag 2019 Accounting Question 3. It is one of the objective questions from the 2019 Post Utme Unilag Accounting examination.

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