Post Utme Igbinedion University 2018 Accounting Question 22

Practice objective / multiple choice question 22 from the 2018 Post Utme Igbinedion University Accounting examination.

Post Utme Igbinedion University 2018 Accounting Objective / Multiple Choice
Question 22 POST_UTME_IGBINEDION_UNIVERSITY • 2018 • ACCOUNTING • objective

A company uses the self-balancing ledger system. The following data is available for the year ended December 31, 2022: Debit balance: ₦500,000 Credit balance: ₦300,000 What is the net balance?

Answer Options

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

About This Question

This is Post Utme Igbinedion University 2018 Accounting Question 22. It is one of the objective questions from the 2018 Post Utme Igbinedion University Accounting examination.

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