Post Utme Unilag 2020 Accounting Question 3

Practice objective / multiple choice question 3 from the 2020 Post Utme Unilag Accounting examination.

Post Utme Unilag 2020 Accounting Objective / Multiple Choice
Question 3 POST_UTME_UNILAG • 2020 • ACCOUNTING • objective

A company maintains a self-balancing ledger with the following accounts: Cash, Bank, Accounts Payable, and Accounts Receivable. If the ledger balance for Cash is ₦150,000, Bank is ₦200,000, Accounts Payable is ₦100,000, and Accounts Receivable is ₦50,000, what is the total ledger balance?

Answer Options

A. ₦500,000
Correct Answer B. ₦600,000
C. ₦700,000
D. ₦800,000
Correct Answer
B
Correct Option:
₦600,000

About This Question

This is Post Utme Unilag 2020 Accounting Question 3. It is one of the objective questions from the 2020 Post Utme Unilag Accounting examination.

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