Post Utme Futa 2022 Accounting Question 15

Practice objective / multiple choice question 15 from the 2022 Post Utme Futa Accounting examination.

Post Utme Futa 2022 Accounting Objective / Multiple Choice
Question 15 POST_UTME_FUTA • 2022 • ACCOUNTING • objective

A company has a control account for the year ended 31st December 2022. The control account shows a balance of ₦50,000 in the beginning of the year and a balance of ₦60,000 at the end of the year. If the control account has a credit balance of ₦10,000, what is the amount of the control account that has been transferred to the general ledger?

Answer Options

A. ₦40,000
Correct Answer B. ₦50,000
C. ₦60,000
D. ₦70,000
Correct Answer
B
Correct Option:
₦50,000

About This Question

This is Post Utme Futa 2022 Accounting Question 15. It is one of the objective questions from the 2022 Post Utme Futa Accounting examination.

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