Post Utme Lead City University 2020 Accounting Question 15

Practice objective / multiple choice question 15 from the 2020 Post Utme Lead City University Accounting examination.

Post Utme Lead City University 2020 Accounting Objective / Multiple Choice

Question 15 POST_UTME_LEAD_CITY_UNIVERSITY • 2020 • ACCOUNTING • objective

SHARED STIMULUS

                            | Account | Debit | Credit | Balance |
| --- | --- | --- | --- |
| Cash | 120,000 |  | 120,000 |
| Bank |  | 150,000 | 150,000 |
| Capital |  | 180,000 | 180,000 |
| Profit |  | 200,000 | 200,000 |

                        

The following is an extract from the trial balance of XYZ Ltd. at 31st December 2022.

Answer Options

A. ₦120,000

Correct Answer B. ₦150,000

C. ₦180,000

D. ₦200,000

Correct Answer

Correct Option:

₦150,000

About This Question

This is Post Utme Lead City University 2020 Accounting Question 15. It is one of the objective questions from the 2020 Post Utme Lead City University Accounting examination.

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