Post Utme Ksu 2023 Accounting Question 32

Practice objective / multiple choice question 32 from the 2023 Post Utme Ksu Accounting examination.

Post Utme Ksu 2023 Accounting Objective / Multiple Choice
Question 32 POST_UTME_KSU • 2023 • ACCOUNTING • objective

A company has a credit balance of ₦50,000 in its trading account. It also has a debit balance of ₦20,000 in its profit and loss account. What is the net result of the company's trading activities?

Answer Options

Correct Answer A. ₦30,000 credit
B. ₦30,000 debit
C. ₦50,000 credit
D. ₦50,000 debit
Correct Answer
A
Correct Option:
₦30,000 credit

About This Question

This is Post Utme Ksu 2023 Accounting Question 32. It is one of the objective questions from the 2023 Post Utme Ksu Accounting examination.

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