Post Utme Igbinedion University 2023 Accounting Question 4

Practice objective / multiple choice question 4 from the 2023 Post Utme Igbinedion University Accounting examination.

Post Utme Igbinedion University 2023 Accounting Objective / Multiple Choice
Question 4 POST_UTME_IGBINEDION_UNIVERSITY • 2023 • ACCOUNTING • objective

A company uses a self-balancing ledger to record its transactions. The ledger shows the following accounts: | Account | Debit | Credit | | --- | --- | --- | | Cash | 10,000 | | | Sales | | 15,000 | | Purchase | 8,000 | | | Cash | | 12,000 | What is the balance of the Sales account after all transactions have been recorded?

Answer Options

A. ₦15,000
B. ₦20,000
Correct Answer C. ₦25,000
D. ₦30,000
Correct Answer
C
Correct Option:
₦25,000

About This Question

This is Post Utme Igbinedion University 2023 Accounting Question 4. It is one of the objective questions from the 2023 Post Utme Igbinedion University Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support