Post Utme Noun 2017 Accounting Question 12

Practice objective / multiple choice question 12 from the 2017 Post Utme Noun Accounting examination.

Post Utme Noun 2017 Accounting Objective / Multiple Choice
Question 12 POST_UTME_NOUN • 2017 • ACCOUNTING • objective

A company has the following control accounts: Total Assets: ₦1,500,000; Total Liabilities: ₦500,000; and Total Equity: ₦1,000,000. What is the balance of the Cash account?

Answer Options

Correct Answer A. ₦1,000,000
B. ₦1,200,000
C. ₦1,300,000
D. ₦1,400,000
Correct Answer
A
Correct Option:
₦1,000,000

About This Question

This is Post Utme Noun 2017 Accounting Question 12. It is one of the objective questions from the 2017 Post Utme Noun Accounting examination.

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