Post Utme Unilorin 2023 Accounting Question 40

Practice objective / multiple choice question 40 from the 2023 Post Utme Unilorin Accounting examination.

Post Utme Unilorin 2023 Accounting Objective / Multiple Choice

Question 40 POST_UTME_UNILORIN • 2023 • ACCOUNTING • objective

SHARED STIMULUS

                            | Asset | 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 balance sheet was extracted from the books of XYZ Manufacturing Company at 31st December 2022.

Answer Options

A. ₦250,000

B. ₦275,000

Correct Answer C. ₦300,000

D. ₦325,000

Correct Answer

Correct Option:

₦300,000

About This Question

This is Post Utme Unilorin 2023 Accounting Question 40. It is one of the objective questions from the 2023 Post Utme Unilorin Accounting examination.

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