Post Utme Unn 2023 Accounting Question 26

Practice objective / multiple choice question 26 from the 2023 Post Utme Unn Accounting examination.

Post Utme Unn 2023 Accounting Objective / Multiple Choice

Question 26 POST_UTME_UNN • 2023 • ACCOUNTING • objective

The following trial balance of a manufacturing company is given. Prepare the ledger accounts for the assets, liabilities, and equity.

A. Assets: Cash = ₦100,000, Accounts Payable = ₦50,000; Liabilities: Accounts Payable = ₦50,000; Equity: Retained Earnings = ₦50,000

Correct Answer B. Assets: Cash = ₦100,000, Accounts Payable = ₦50,000; Liabilities: Accounts Payable = ₦50,000; Equity: Retained Earnings = ₦50,000

C. Assets: Cash = ₦100,000, Accounts Payable = ₦50,000; Liabilities: Accounts Payable = ₦50,000; Equity: Retained Earnings = ₦50,000

D. Assets: Cash = ₦100,000, Accounts Payable = ₦50,000; Liabilities: Accounts Payable = ₦50,000; Equity: Retained Earnings = ₦50,000

Correct Answer

Correct Option:

Assets: Cash = ₦100,000, Accounts Payable = ₦50,000; Liabilities: Accounts Payable = ₦50,000; Equity: Retained Earnings = ₦50,000

This is Post Utme Unn 2023 Accounting Question 26. It is one of the objective questions from the 2023 Post Utme Unn Accounting examination.

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