Post Utme Elizade University 2025 Accounting Question 35

Practice objective / multiple choice question 35 from the 2025 Post Utme Elizade University Accounting examination.

Post Utme Elizade University 2025 Accounting Objective / Multiple Choice
Question 35 POST_UTME_ELIZADE_UNIVERSITY • 2025 • ACCOUNTING • objective

A company uses the double-entry system to record its transactions. The company has the following accounts: Cash, Accounts Receivable, Accounts Payable, and Common Stock. If the company has a debit balance of ₦100,000 in Cash and a credit balance of ₦50,000 in Accounts Payable, what is the balance in the Common Stock account?

Answer Options

A. ₦50,000
B. ₦75,000
C. ₦100,000
Correct Answer D. ₦125,000
Correct Answer
D
Correct Option:
₦125,000

About This Question

This is Post Utme Elizade University 2025 Accounting Question 35. It is one of the objective questions from the 2025 Post Utme Elizade University Accounting examination.

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