Post Utme Unilorin 2023 Accounting Question 38

Practice objective / multiple choice question 38 from the 2023 Post Utme Unilorin Accounting examination.

Post Utme Unilorin 2023 Accounting Objective / Multiple Choice

Question 38 POST_UTME_UNILORIN • 2023 • ACCOUNTING • objective

SHARED STIMULUS

                            | Account | Debit | Credit |
| --- | --- | --- |
| Cash | 50,000 | 0 |
| Bank | 0 | 75,000 |
| Accounts Payable | 0 | 25,000 |
| Sales Revenue | 0 | 100,000 |
| Cost of Goods Sold | 75,000 | 0 |
| Total | 125,000 | 200,000 |

                        

The following trial balance was extracted from the books of XYZ Manufacturing Company at 31st December 2022.

Answer Options

A. ₦125,000

Correct Answer B. ₦150,000

C. ₦175,000

D. ₦200,000

Correct Answer

Correct Option:

₦150,000

About This Question

This is Post Utme Unilorin 2023 Accounting Question 38. It is one of the objective questions from the 2023 Post Utme Unilorin Accounting examination.

View More Post Utme Unilorin 2023 Accounting Questions More Post Utme Unilorin Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows

Chat with Support