Post Utme Afe Babalola University 2024 Accounting Question 20

Practice objective / multiple choice question 20 from the 2024 Post Utme Afe Babalola University Accounting examination.

Post Utme Afe Babalola University 2024 Accounting Objective / Multiple Choice
Question 20 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2024 • ACCOUNTING • objective

A company uses the double-entry system of accounting. The company has a cash account with a debit balance of ₦100,000. If the company's cash account is credited with ₦50,000, what is the new balance of the cash account?

Answer Options

A. ₦50,000
Correct Answer B. ₦100,000
C. ₦150,000
D. ₦200,000
Correct Answer
B
Correct Option:
₦100,000

About This Question

This is Post Utme Afe Babalola University 2024 Accounting Question 20. It is one of the objective questions from the 2024 Post Utme Afe Babalola University Accounting examination.

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