Post Utme Aaua 2018 Accounting Question 16

Practice objective / multiple choice question 16 from the 2018 Post Utme Aaua Accounting examination.

Post Utme Aaua 2018 Accounting Objective / Multiple Choice
Question 16 POST_UTME_AAUA • 2018 • ACCOUNTING • objective

A company has two self-balancing ledgers: the Sales Ledger and the Purchase Ledger. The Sales Ledger shows a debit balance of ₦150,000, while the Purchase Ledger shows a credit balance of ₦120,000. What is the net effect on the company's cash balance?

Answer Options

Correct Answer A. ₦30,000 debit
B. ₦30,000 credit
C. ₦60,000 debit
D. ₦60,000 credit
Correct Answer
A
Correct Option:
₦30,000 debit

About This Question

This is Post Utme Aaua 2018 Accounting Question 16. It is one of the objective questions from the 2018 Post Utme Aaua Accounting examination.

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