Post Utme Wellspring University 2022 Accounting Question 4

Practice objective / multiple choice question 4 from the 2022 Post Utme Wellspring University Accounting examination.

Post Utme Wellspring University 2022 Accounting Objective / Multiple Choice
Question 4 POST_UTME_WELLSPRING_UNIVERSITY • 2022 • ACCOUNTING • objective

A company has the following ledger balances: - Cash: ₦500,000 - Accounts Payable: ₦200,000 - Sales Revenue: ₦1,000,000 - Cost of Goods Sold: ₦800,000 Prepare a trial balance for the company.

Answer Options

Correct Answer A. Cash: ₦500,000; Accounts Payable: ₦200,000; Sales Revenue: ₦1,000,000; Cost of Goods Sold: ₦800,000
B. Cash: ₦500,000; Accounts Payable: ₦200,000; Sales Revenue: ₦800,000; Cost of Goods Sold: ₦1,000,000
C. Cash: ₦500,000; Accounts Payable: ₦800,000; Sales Revenue: ₦1,000,000; Cost of Goods Sold: ₦200,000
D. Cash: ₦800,000; Accounts Payable: ₦200,000; Sales Revenue: ₦1,000,000; Cost of Goods Sold: ₦500,000
Correct Answer
A
Correct Option:
Cash: ₦500,000; Accounts Payable: ₦200,000; Sales Revenue: ₦1,000,000; Cost of Goods Sold: ₦800,000

About This Question

This is Post Utme Wellspring University 2022 Accounting Question 4. It is one of the objective questions from the 2022 Post Utme Wellspring University Accounting examination.

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