Post Utme Elizade University 2019 Accounting Question 17

Practice objective / multiple choice question 17 from the 2019 Post Utme Elizade University Accounting examination.

Post Utme Elizade University 2019 Accounting Objective / Multiple Choice
Question 17 POST_UTME_ELIZADE_UNIVERSITY • 2019 • ACCOUNTING • objective

A firm has the following trial balance: | Account | Debit | Credit | | --- | --- | --- | | Cash | ₦10,000 | | | Bank | | ₦20,000 | | Sales | ₦50,000 | | | Purchases | | ₦30,000 | | Capital | | ₦40,000 | What is the correct balance of the Cash account?

Answer Options

Correct Answer A. ₦10,000
B. ₦20,000
C. ₦30,000
D. ₦40,000
Correct Answer
A
Correct Option:
₦10,000

About This Question

This is Post Utme Elizade University 2019 Accounting Question 17. It is one of the objective questions from the 2019 Post Utme Elizade University Accounting examination.

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