Post Utme Nile University 2022 Accounting Question 30

Practice objective / multiple choice question 30 from the 2022 Post Utme Nile University Accounting examination.

Post Utme Nile University 2022 Accounting Objective / Multiple Choice
Question 30 POST_UTME_NILE_UNIVERSITY • 2022 • ACCOUNTING • objective

A company uses the double-entry system to record its transactions. The company has a debit of ₦100,000 and a credit of ₦150,000. What is the net effect?

Answer Options

A. ₦50,000
Correct Answer B. ₦100,000
C. ₦150,000
D. ₦200,000
Correct Answer
B
Correct Option:
₦100,000

About This Question

This is Post Utme Nile University 2022 Accounting Question 30. It is one of the objective questions from the 2022 Post Utme Nile University Accounting examination.

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