Post Utme Unilag 2022 Accounting Question 20

Practice objective / multiple choice question 20 from the 2022 Post Utme Unilag Accounting examination.

Post Utme Unilag 2022 Accounting Objective / Multiple Choice
Question 20 POST_UTME_UNILAG • 2022 • ACCOUNTING • objective

A company uses the self-balancing ledger system. The company's beginning balance is ₦100,000, and its transactions during the period include a cash receipt of ₦50,000 and a cash payment of ₦20,000. Calculate the company's ending balance.

Answer Options

A. ₦130,000
B. ₦140,000
Correct Answer C. ₦150,000
D. ₦160,000
Correct Answer
C
Correct Option:
₦150,000

About This Question

This is Post Utme Unilag 2022 Accounting Question 20. It is one of the objective questions from the 2022 Post Utme Unilag Accounting examination.

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