Post Utme Veritas University 2022 Accounting Question 30

Practice objective / multiple choice question 30 from the 2022 Post Utme Veritas University Accounting examination.

Post Utme Veritas University 2022 Accounting Objective / Multiple Choice
Question 30 POST_UTME_VERITAS_UNIVERSITY • 2022 • ACCOUNTING • objective

A company has the following ledger balances as at December 31, 2022: Cash ₦500,000; Accounts Payable ₦200,000; Common Stock ₦1,000,000. Prepare the balance sheet for the company.

Answer Options

Correct Answer A. Cash ₦500,000, Accounts Payable ₦200,000, Common Stock ₦1,000,000
B. Cash ₦500,000, Accounts Payable ₦1,000,000, Common Stock ₦200,000
C. Cash ₦1,000,000, Accounts Payable ₦500,000, Common Stock ₦200,000
D. Cash ₦500,000, Accounts Payable ₦200,000, Common Stock ₦500,000
Correct Answer
A
Correct Option:
Cash ₦500,000, Accounts Payable ₦200,000, Common Stock ₦1,000,000

About This Question

This is Post Utme Veritas University 2022 Accounting Question 30. It is one of the objective questions from the 2022 Post Utme Veritas University Accounting examination.

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