Post Utme Joseph Ayo Babalola University 2017 Accounting Question 16

Practice objective / multiple choice question 16 from the 2017 Post Utme Joseph Ayo Babalola University Accounting examination.

Post Utme Joseph Ayo Babalola University 2017 Accounting Objective / Multiple Choice
Question 16 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2017 • ACCOUNTING • objective

A company has two departments: Manufacturing and Sales. The Manufacturing department has a balance of ₦150,000 and the Sales department has a balance of ₦200,000. The company's total assets are ₦500,000. What is the balance of the company's capital account?

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 Joseph Ayo Babalola University 2017 Accounting Question 16. It is one of the objective questions from the 2017 Post Utme Joseph Ayo Babalola University Accounting examination.

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