Post Utme Eksu 2019 Accounting Question 15

Practice objective / multiple choice question 15 from the 2019 Post Utme Eksu Accounting examination.

Post Utme Eksu 2019 Accounting Objective / Multiple Choice
Question 15 POST_UTME_EKSU • 2019 • ACCOUNTING • objective

A government ministry has the following transactions: | Date | Description | Debit | Credit | | --- | --- | --- | --- | | 1/1 | Cash | ₦1,000 | | | 1/2 | Accounts Payable | | ₦500 | | 1/3 | Salaries Expense | ₦200 | | | 1/4 | Rent Expense | | ₦300 | What is the correct balance of the Cash account?

Answer Options

Correct Answer A. ₦1,000
B. ₦1,200
C. ₦800
D. ₦500
Correct Answer
A
Correct Option:
₦1,000

About This Question

This is Post Utme Eksu 2019 Accounting Question 15. It is one of the objective questions from the 2019 Post Utme Eksu Accounting examination.

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