Post Utme Noun 2017 Accounting Question 6
Practice objective / multiple choice question 6 from the 2017 Post Utme Noun Accounting examination.
A company uses a self-balancing ledger to record its transactions. The ledger has the following accounts: Cash, Accounts Payable, Sales Revenue, and Cost of Goods Sold. The ledger also has a control account called 'Total Assets'. If the company's total assets are ₦1,500,000 and the Cash account has a balance of ₦200,000, what is the balance of the Accounts Payable account?
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About This Question
This is Post Utme Noun 2017 Accounting Question 6. It is one of the objective questions from the 2017 Post Utme Noun Accounting examination.
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