Post Utme Uniosun 2024 Accounting Question 30

Practice objective / multiple choice question 30 from the 2024 Post Utme Uniosun Accounting examination.

Post Utme Uniosun 2024 Accounting Objective / Multiple Choice
Question 30 POST_UTME_UNIOSUN • 2024 • ACCOUNTING • objective

A company's trial balance shows the following balances: Cash ₦15,000, Accounts Payable ₦20,000, and Common Stock ₦50,000. The company's bank reconciliation statement shows a balance of ₦18,000. What is the correct balance of the company's Accounts Payable account?

Answer Options

A. ₦15,000
B. ₦18,000
Correct Answer C. ₦20,000
D. ₦22,000
Correct Answer
C
Correct Option:
₦20,000

About This Question

This is Post Utme Uniosun 2024 Accounting Question 30. It is one of the objective questions from the 2024 Post Utme Uniosun Accounting examination.

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