Post Utme Madonna University 2019 Accounting Question 18

Practice objective / multiple choice question 18 from the 2019 Post Utme Madonna University Accounting examination.

Post Utme Madonna University 2019 Accounting Objective / Multiple Choice
Question 18 POST_UTME_MADONNA_UNIVERSITY • 2019 • ACCOUNTING • objective

A company prepares its financial statements in accordance with the accruals basis of accounting. If the company has a trade receivable of ₦50,000 and a trade payable of ₦20,000, what is the net amount due from customers?

Answer Options

Correct Answer A. ₦30,000
B. ₦40,000
C. ₦50,000
D. ₦60,000
Correct Answer
A
Correct Option:
₦30,000

About This Question

This is Post Utme Madonna University 2019 Accounting Question 18. It is one of the objective questions from the 2019 Post Utme Madonna University Accounting examination.

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