Post Utme Uniosun 2017 Accounting Question 23

Practice objective / multiple choice question 23 from the 2017 Post Utme Uniosun Accounting examination.

Post Utme Uniosun 2017 Accounting Objective / Multiple Choice
Question 23 POST_UTME_UNIOSUN • 2017 • ACCOUNTING • objective

A company's ledger showed the following balances: Cash ₦20,000, Accounts Receivable ₦30,000, Inventory ₦40,000. Prepare the company's balance sheet.

Answer Options

Correct Answer A. Cash ₦20,000, Accounts Receivable ₦30,000, Inventory ₦40,000
B. Cash ₦20,000, Accounts Receivable ₦30,000, Inventory ₦50,000
C. Cash ₦20,000, Accounts Receivable ₦30,000, Inventory ₦60,000
D. Cash ₦20,000, Accounts Receivable ₦30,000, Inventory ₦70,000
Correct Answer
A
Correct Option:
Cash ₦20,000, Accounts Receivable ₦30,000, Inventory ₦40,000

About This Question

This is Post Utme Uniosun 2017 Accounting Question 23. It is one of the objective questions from the 2017 Post Utme Uniosun Accounting examination.

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