Post Utme Unilag 2018 Accounting Question 39

Practice objective / multiple choice question 39 from the 2018 Post Utme Unilag Accounting examination.

Post Utme Unilag 2018 Accounting Objective / Multiple Choice
Question 39 POST_UTME_UNILAG • 2018 • ACCOUNTING • objective

A company has the following trial balance as at December 31, 2022: | Account | Debit | Credit | | --- | --- | --- | | Cash | ₦10,000 | | | Accounts Payable | | ₦5,000 | | Sales Revenue | | ₦20,000 | | Cost of Goods Sold | ₦15,000 | | | Net Income | | ₦5,000 | Determine the correct balance for the Cash account.

Answer Options

A. ₦15,000
Correct Answer B. ₦10,000
C. ₦5,000
D. ₦0
Correct Answer
B
Correct Option:
₦10,000

About This Question

This is Post Utme Unilag 2018 Accounting Question 39. It is one of the objective questions from the 2018 Post Utme Unilag Accounting examination.

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