Post Utme Futa 2023 Accounting Question 10

Practice objective / multiple choice question 10 from the 2023 Post Utme Futa Accounting examination.

Post Utme Futa 2023 Accounting Objective / Multiple Choice
Question 10 POST_UTME_FUTA • 2023 • ACCOUNTING • objective

A company has the following transactions in its control account for the year: Opening balance: ₦100,000 Purchases: ₦500,000 Sales: ₦700,000 Closing balance: ₦200,000 Calculate the value of the control account.

Answer Options

A. ₦1,200,000
B. ₦1,300,000
Correct Answer C. ₦1,400,000
D. ₦1,500,000
Correct Answer
C
Correct Option:
₦1,400,000

About This Question

This is Post Utme Futa 2023 Accounting Question 10. It is one of the objective questions from the 2023 Post Utme Futa Accounting examination.

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