Post Utme Uniben 2021 Accounting Question 6

Practice objective / multiple choice question 6 from the 2021 Post Utme Uniben Accounting examination.

Post Utme Uniben 2021 Accounting Objective / Multiple Choice
Question 6 POST_UTME_UNIBEN • 2021 • ACCOUNTING • objective

A company has two departments, A and B. Department A has a balance of ₦120,000 in its control account, and department B has a balance of ₦80,000 in its control account. The total assets of the company are ₦400,000. If the company's total liabilities are ₦200,000, what is the balance in department A's control account after adjusting for the company's total liabilities?

Answer Options

A. ₦100,000
B. ₦120,000
Correct Answer C. ₦140,000
D. ₦160,000
Correct Answer
C
Correct Option:
₦140,000

About This Question

This is Post Utme Uniben 2021 Accounting Question 6. It is one of the objective questions from the 2021 Post Utme Uniben Accounting examination.

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