Post Utme Igbinedion University 2024 Accounting Question 14

Practice objective / multiple choice question 14 from the 2024 Post Utme Igbinedion University Accounting examination.

Post Utme Igbinedion University 2024 Accounting Objective / Multiple Choice
Question 14 POST_UTME_IGBINEDION_UNIVERSITY • 2024 • ACCOUNTING • objective

A company's trial balance shows a debit balance of ₦50,000 in the accounts receivable account. However, the company's ledger shows a credit balance of ₦20,000 in the same account. What is the correct balance of the accounts receivable account?

Answer Options

A. ₦30,000
Correct Answer B. ₦40,000
C. ₦50,000
D. ₦60,000
Correct Answer
B
Correct Option:
₦40,000

About This Question

This is Post Utme Igbinedion University 2024 Accounting Question 14. It is one of the objective questions from the 2024 Post Utme Igbinedion University Accounting examination.

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