Post Utme Unilag 2024 Accounting Question 14

Practice objective / multiple choice question 14 from the 2024 Post Utme Unilag Accounting examination.

Post Utme Unilag 2024 Accounting Objective / Multiple Choice
Question 14 POST_UTME_UNILAG • 2024 • ACCOUNTING • objective

A company has a control account for its cash account. If the cash account balance is ₦500,000 and the control account balance is ₦600,000, what is the difference between the two?

Answer Options

Correct Answer A. ₦100,000
B. ₦50,000
C. ₦0
D. ₦-100,000
Correct Answer
A
Correct Option:
₦100,000

About This Question

This is Post Utme Unilag 2024 Accounting Question 14. It is one of the objective questions from the 2024 Post Utme Unilag Accounting examination.

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