Post Utme Uniport 2025 Accounting Question 2

Practice objective / multiple choice question 2 from the 2025 Post Utme Uniport Accounting examination.

Post Utme Uniport 2025 Accounting Objective / Multiple Choice
Question 2 POST_UTME_UNIPORT • 2025 • ACCOUNTING • objective

A company's trial balance shows the following balances: Accounts Payable ₦50,000, Accounts Receivable ₦30,000, and Common Stock ₦100,000. Prepare the company's balance sheet.

Answer Options

Correct Answer A. Assets: ₦180,000; Liabilities: ₦50,000; Equity: ₦130,000
B. Assets: ₦130,000; Liabilities: ₦50,000; Equity: ₦80,000
C. Assets: ₦180,000; Liabilities: ₦80,000; Equity: ₦100,000
D. Assets: ₦130,000; Liabilities: ₦80,000; Equity: ₦50,000
Correct Answer
A
Correct Option:
Assets: ₦180,000; Liabilities: ₦50,000; Equity: ₦130,000

About This Question

This is Post Utme Uniport 2025 Accounting Question 2. It is one of the objective questions from the 2025 Post Utme Uniport Accounting examination.

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