Post Utme Futo 2020 Accounting Question 29

Practice objective / multiple choice question 29 from the 2020 Post Utme Futo Accounting examination.

Post Utme Futo 2020 Accounting Objective / Multiple Choice
Question 29 POST_UTME_FUTO • 2020 • ACCOUNTING • objective

A company uses the double-entry system to record its transactions. If the company has a debit balance of ₦50,000 in its trial balance, what is the corresponding credit balance?

Answer Options

A. ₦50,000
Correct Answer B. ₦100,000
C. ₦150,000
D. ₦200,000
Correct Answer
B
Correct Option:
₦100,000

About This Question

This is Post Utme Futo 2020 Accounting Question 29. It is one of the objective questions from the 2020 Post Utme Futo Accounting examination.

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