Post Utme Bells University 2019 Accounting Question 30

Practice objective / multiple choice question 30 from the 2019 Post Utme Bells University Accounting examination.

Post Utme Bells University 2019 Accounting Objective / Multiple Choice
Question 30 POST_UTME_BELLS_UNIVERSITY • 2019 • ACCOUNTING • objective

A government agency has the following transactions in its ledger: | Date | Description | Debit | Credit | | --- | --- | --- | --- | | 1/1 | Taxes collected | 100,000 | 0 | | 1/2 | Salaries paid | 0 | 50,000 | | 1/3 | Taxes collected | 80,000 | 0 | | 1/4 | Salaries paid | 0 | 30,000 | What is the balance of the taxes collected account at the end of January?

Answer Options

Correct Answer A. ₦140,000
B. ₦150,000
C. ₦160,000
D. ₦170,000
Correct Answer
A
Correct Option:
₦140,000

About This Question

This is Post Utme Bells University 2019 Accounting Question 30. It is one of the objective questions from the 2019 Post Utme Bells University Accounting examination.

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