Post Utme Lead City University 2025 Accounting Question 10

Practice objective / multiple choice question 10 from the 2025 Post Utme Lead City University Accounting examination.

Post Utme Lead City University 2025 Accounting Objective / Multiple Choice
Question 10 POST_UTME_LEAD_CITY_UNIVERSITY • 2025 • ACCOUNTING • objective

A company has a ledger account for its accounts payable. The account has a debit balance of ₦500,000 and a credit balance of ₦200,000. Calculate the net balance of the account.

Answer Options

Correct Answer A. ₦300,000
B. ₦400,000
C. ₦500,000
D. ₦600,000
Correct Answer
A
Correct Option:
₦300,000

About This Question

This is Post Utme Lead City University 2025 Accounting Question 10. It is one of the objective questions from the 2025 Post Utme Lead City University Accounting examination.

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