Post Utme Achievers University 2023 Accounting Question 9

Practice objective / multiple choice question 9 from the 2023 Post Utme Achievers University Accounting examination.

Post Utme Achievers University 2023 Accounting Objective / Multiple Choice
Question 9 POST_UTME_ACHIEVERS_UNIVERSITY • 2023 • ACCOUNTING • objective

A company's control account for Accounts Payable is ₦50,000. The subsidiary ledger shows the following transactions: January 1, 2023, ₦30,000; January 15, 2023, ₦20,000; February 1, 2023, ₦10,000. What is the balance in the control account?

Answer Options

A. ₦40,000
Correct Answer B. ₦50,000
C. ₦60,000
D. ₦70,000
Correct Answer
B
Correct Option:
₦50,000

About This Question

This is Post Utme Achievers University 2023 Accounting Question 9. It is one of the objective questions from the 2023 Post Utme Achievers University Accounting examination.

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