Post Utme Christopher University 2024 Accounting Question 27

Practice objective / multiple choice question 27 from the 2024 Post Utme Christopher University Accounting examination.

Post Utme Christopher University 2024 Accounting Objective / Multiple Choice
Question 27 POST_UTME_CHRISTOPHER_UNIVERSITY • 2024 • ACCOUNTING • objective

A company has two departments: A and B. Department A has a balance of ₦100,000 in its control account, and Department B has a balance of ₦50,000 in its control account. The company's total assets are ₦500,000. What is the balance in the company's capital account?

Answer Options

A. ₦200,000
B. ₦250,000
Correct Answer C. ₦300,000
D. ₦350,000
Correct Answer
C
Correct Option:
₦300,000

About This Question

This is Post Utme Christopher University 2024 Accounting Question 27. It is one of the objective questions from the 2024 Post Utme Christopher University Accounting examination.

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