Post Utme Ims U 2019 Accounting Question 28

Practice objective / multiple choice question 28 from the 2019 Post Utme Ims U Accounting examination.

Post Utme Ims U 2019 Accounting Objective / Multiple Choice
Question 28 POST_UTME_IMS_U • 2019 • ACCOUNTING • objective

A company has the following trial balance: | Account | Debit | Credit | | --- | --- | --- | | Cash | ₦100,000 | | | Accounts Payable | | ₦50,000 | | Sales | | ₦200,000 | | Cost of Goods Sold | ₦150,000 | | | Net Income | | ₦50,000 | What is the correct balance for the Cash account?

Answer Options

Correct Answer A. ₦100,000
B. ₦150,000
C. ₦200,000
D. ₦250,000
Correct Answer
A
Correct Option:
₦100,000

About This Question

This is Post Utme Ims U 2019 Accounting Question 28. It is one of the objective questions from the 2019 Post Utme Ims U Accounting examination.

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