Post Utme Babcock University 2019 Accounting Question 35

Practice objective / multiple choice question 35 from the 2019 Post Utme Babcock University Accounting examination.

Post Utme Babcock University 2019 Accounting Objective / Multiple Choice
Question 35 POST_UTME_BABCOCK_UNIVERSITY • 2019 • ACCOUNTING • objective

A company has the following ledger balances: Debtors: ₦120,000; Creditors: ₦80,000. What is the net amount owed by the company?

Answer Options

Correct Answer A. ₦40,000
B. ₦20,000
C. ₦40,000 owed to creditors
D. ₦20,000 owed to debtors
Correct Answer
A
Correct Option:
₦40,000

About This Question

This is Post Utme Babcock University 2019 Accounting Question 35. It is one of the objective questions from the 2019 Post Utme Babcock University Accounting examination.

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