Post Utme Unilorin 2025 Accounting Question 9

Practice objective / multiple choice question 9 from the 2025 Post Utme Unilorin Accounting examination.

Post Utme Unilorin 2025 Accounting Objective / Multiple Choice
Question 9 POST_UTME_UNILORIN • 2025 • ACCOUNTING • objective

A company uses the single-entry system of accounting. The company's journal entries for the year are as follows: Debit Cash ₦50,000, Credit Accounts Payable ₦20,000, Debit Accounts Receivable ₦30,000, Credit Sales ₦40,000. Prepare the Balance Sheet for the company.

Answer Options

A. ₦150,000
B. ₦160,000
Correct Answer C. ₦170,000
D. ₦180,000
Correct Answer
C
Correct Option:
₦170,000

About This Question

This is Post Utme Unilorin 2025 Accounting Question 9. It is one of the objective questions from the 2025 Post Utme Unilorin Accounting examination.

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