Post Utme Summit University 2020 Accounting Question 35

Practice objective / multiple choice question 35 from the 2020 Post Utme Summit University Accounting examination.

Post Utme Summit University 2020 Accounting Objective / Multiple Choice
Question 35 POST_UTME_SUMMIT_UNIVERSITY • 2020 • ACCOUNTING • objective

A company's single entry system shows a total of ₦300,000 in assets. However, the company's accountant estimates that the total assets are ₦450,000. What is the difference between the two balances?

Answer Options

A. ₦75,000
B. ₦150,000
Correct Answer C. ₦225,000
D. ₦300,000
Correct Answer
C
Correct Option:
₦225,000

About This Question

This is Post Utme Summit University 2020 Accounting Question 35. It is one of the objective questions from the 2020 Post Utme Summit University Accounting examination.

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