Post Utme Uniport 2024 Accounting Question 3

Practice objective / multiple choice question 3 from the 2024 Post Utme Uniport Accounting examination.

Post Utme Uniport 2024 Accounting Objective / Multiple Choice
Question 3 POST_UTME_UNIPORT • 2024 • ACCOUNTING • objective

A company has the following trial balance: Accounts Payable ₦50,000, Sales Revenue ₦100,000, Cost of Goods Sold ₦50,000. Prepare the adjusted trial balance.

Answer Options

A. Accounts Payable ₦50,000, Sales Revenue ₦100,000, Cost of Goods Sold ₦50,000
Correct Answer B. Accounts Payable ₦50,000, Sales Revenue ₦100,000, Cost of Goods Sold ₦0
C. Accounts Payable ₦0, Sales Revenue ₦100,000, Cost of Goods Sold ₦50,000
D. Accounts Payable ₦50,000, Sales Revenue ₦0, Cost of Goods Sold ₦50,000
Correct Answer
B
Correct Option:
Accounts Payable ₦50,000, Sales Revenue ₦100,000, Cost of Goods Sold ₦0

About This Question

This is Post Utme Uniport 2024 Accounting Question 3. It is one of the objective questions from the 2024 Post Utme Uniport Accounting examination.

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