Post Utme Joseph Ayo Babalola University 2018 Accounting Question 5

Practice objective / multiple choice question 5 from the 2018 Post Utme Joseph Ayo Babalola University Accounting examination.

Post Utme Joseph Ayo Babalola University 2018 Accounting Objective / Multiple Choice
Question 5 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2018 • ACCOUNTING • objective

A company has the following transactions: | Date | Description | Debit | Credit | | --- | --- | --- | --- | | 1-Jan | Cash | 1,000 | | | 2-Jan | Equipment | | 1,500 | | 3-Jan | Cash | | 500 | What is the balance in the Equipment account?

Answer Options

A. ₦1,000
Correct Answer B. ₦1,500
C. ₦2,000
D. ₦2,500
Correct Answer
B
Correct Option:
₦1,500

About This Question

This is Post Utme Joseph Ayo Babalola University 2018 Accounting Question 5. It is one of the objective questions from the 2018 Post Utme Joseph Ayo Babalola 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