Post Utme Futa 2020 Accounting Question 38

Practice objective / multiple choice question 38 from the 2020 Post Utme Futa Accounting examination.

Post Utme Futa 2020 Accounting Objective / Multiple Choice
Question 38 POST_UTME_FUTA • 2020 • ACCOUNTING • objective

A company has a trial balance that shows a total debit balance of ₦500,000 and a total credit balance of ₦600,000. What is the correct balance of the company's trial balance?

Answer Options

A. ₦100,000
B. ₦200,000
C. ₦300,000
Correct Answer D. ₦400,000
Correct Answer
D
Correct Option:
₦400,000

About This Question

This is Post Utme Futa 2020 Accounting Question 38. It is one of the objective questions from the 2020 Post Utme Futa Accounting examination.

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