Post Utme Elizade University 2018 Accounting Question 39

Practice objective / multiple choice question 39 from the 2018 Post Utme Elizade University Accounting examination.

Post Utme Elizade University 2018 Accounting Objective / Multiple Choice
Question 39 POST_UTME_ELIZADE_UNIVERSITY • 2018 • ACCOUNTING • objective

A company prepares a trial balance. The debit balance of the accounts payable account is ₦150,000, and the credit balance of the accounts receivable account is ₦200,000. Calculate the net effect on the balance sheet.

Answer Options

A. ₦50,000
B. ₦100,000
C. ₦150,000
Correct Answer D. ₦200,000
Correct Answer
D
Correct Option:
₦200,000

About This Question

This is Post Utme Elizade University 2018 Accounting Question 39. It is one of the objective questions from the 2018 Post Utme Elizade University Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support