Post Utme Uniosun 2020 Accounting Question 22

Practice objective / multiple choice question 22 from the 2020 Post Utme Uniosun Accounting examination.

Post Utme Uniosun 2020 Accounting Objective / Multiple Choice
Question 22 POST_UTME_UNIOSUN • 2020 • ACCOUNTING • objective

A company's trial balance as at 31st December 2020 is as follows: Debit: Cash ₦50,000 Accounts Payable ₦20,000 Sales ₦100,000 Credit: Accounts Receivable ₦30,000 Common Stock ₦150,000 Salaries Expense ₦40,000 What is the correct balance of the company's common stock?

Answer Options

Correct Answer A. ₦150,000
B. ₦170,000
C. ₦190,000
D. ₦210,000
Correct Answer
A
Correct Option:
₦150,000

About This Question

This is Post Utme Uniosun 2020 Accounting Question 22. It is one of the objective questions from the 2020 Post Utme Uniosun Accounting examination.

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