Post Utme Joseph Ayo Babalola University 2023 Accounting Question 1

Practice objective / multiple choice question 1 from the 2023 Post Utme Joseph Ayo Babalola University Accounting examination.

Post Utme Joseph Ayo Babalola University 2023 Accounting Objective / Multiple Choice
Question 1 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2023 • ACCOUNTING • objective

A company has two departments: Manufacturing and Sales. The Manufacturing department has a balance of ₦150,000 in its control account, while the Sales department has a balance of ₦200,000. If the company's total assets are ₦1,500,000, what is the balance in the Sales department's control account after the company's financial statements are prepared?

Answer Options

A. ₦250,000
Correct Answer B. ₦300,000
C. ₦350,000
D. ₦400,000
Correct Answer
B
Correct Option:
₦300,000

About This Question

This is Post Utme Joseph Ayo Babalola University 2023 Accounting Question 1. It is one of the objective questions from the 2023 Post Utme Joseph Ayo Babalola University Accounting examination.

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