Post Utme Eksu 2023 Accounting Question 37

Practice objective / multiple choice question 37 from the 2023 Post Utme Eksu Accounting examination.

Post Utme Eksu 2023 Accounting Objective / Multiple Choice
Question 37 POST_UTME_EKSU • 2023 • ACCOUNTING • objective

The trial balance of XYZ Ltd. as at 31st December, 2022 is as follows: Debit ₦ 1,500,000 Cash ₦ 2,000,000 Accounts Payable ₦ 1,000,000 Equipment ₦ 3,000,000 Salaries Payable ₦ 500,000 Total ₦ 8,000,000 Credit ₦ 1,000,000 ₦ 2,000,000 ₦ 1,000,000 ₦ 3,000,000 ₦ 500,000 ₦ 8,000,000 What is the balance of the Equipment account?

Answer Options

A. ₦1,500,000
B. ₦2,000,000
Correct Answer C. ₦3,000,000
D. ₦4,000,000
Correct Answer
C
Correct Option:
₦3,000,000

About This Question

This is Post Utme Eksu 2023 Accounting Question 37. It is one of the objective questions from the 2023 Post Utme Eksu Accounting examination.

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