Post Utme Futo 2018 Accounting Question 35

Practice objective / multiple choice question 35 from the 2018 Post Utme Futo Accounting examination.

Post Utme Futo 2018 Accounting Objective / Multiple Choice
Question 35 POST_UTME_FUTO • 2018 • ACCOUNTING • objective

A company has the following ledger account: Raw Materials: Debit balance: ₦50,000 What is the normal balance of this account?

Answer Options

Correct Answer A. Debit
B. Credit
C. Both debit and credit
D. Neither debit nor credit
Correct Answer
A
Correct Option:
Debit

About This Question

This is Post Utme Futo 2018 Accounting Question 35. It is one of the objective questions from the 2018 Post Utme Futo Accounting examination.

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