Post Utme Futa 2020 Accounting Question 27

Practice objective / multiple choice question 27 from the 2020 Post Utme Futa Accounting examination.

Post Utme Futa 2020 Accounting Objective / Multiple Choice
Question 27 POST_UTME_FUTA • 2020 • ACCOUNTING • objective

A company's trial balance shows the following balances: | Account | Debit | Credit | | --- | --- | --- | | Cash | ₦10,000 | | | Bank | | ₦8,000 | | Accounts Payable | | ₦2,000 | What is the correct balance of the cash account?

Answer Options

A. ₦12,000
Correct Answer B. ₦10,000
C. ₦8,000
D. ₦6,000
Correct Answer
B
Correct Option:
₦10,000

About This Question

This is Post Utme Futa 2020 Accounting Question 27. It is one of the objective questions from the 2020 Post Utme Futa Accounting examination.

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