Post Utme Christopher University 2019 Accounting Question 3

Practice objective / multiple choice question 3 from the 2019 Post Utme Christopher University Accounting examination.

Post Utme Christopher University 2019 Accounting Objective / Multiple Choice
Question 3 POST_UTME_CHRISTOPHER_UNIVERSITY • 2019 • ACCOUNTING • objective

A company's trial balance shows the following balances: Accounts Payable ₦50,000, Accounts Receivable ₦30,000. What is the net effect on the accounting equation?

Answer Options

A. ₦80,000
B. ₦20,000
C. ₦10,000
Correct Answer D. ₦0
Correct Answer
D
Correct Option:
₦0

About This Question

This is Post Utme Christopher University 2019 Accounting Question 3. It is one of the objective questions from the 2019 Post Utme Christopher University Accounting examination.

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