Post Utme Abu 2022 Accounting Question 25

Practice objective / multiple choice question 25 from the 2022 Post Utme Abu Accounting examination.

Post Utme Abu 2022 Accounting Objective / Multiple Choice
Question 25 POST_UTME_ABU • 2022 • ACCOUNTING • objective

A company's incomplete records show a debit balance of ₦1,000,000 in the trading account. What is the corresponding credit balance in the capital account?

Answer Options

A. ₦500,000
B. ₦600,000
Correct Answer C. ₦700,000
D. ₦800,000
Correct Answer
C
Correct Option:
₦700,000

About This Question

This is Post Utme Abu 2022 Accounting Question 25. It is one of the objective questions from the 2022 Post Utme Abu Accounting examination.

View More Post Utme Abu 2022 Accounting Questions More Post Utme Abu Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support