Post Utme Unilag 2025 Accounting Question 14

Practice objective / multiple choice question 14 from the 2025 Post Utme Unilag Accounting examination.

Post Utme Unilag 2025 Accounting Objective / Multiple Choice
Question 14 POST_UTME_UNILAG • 2025 • ACCOUNTING • objective

A company has a control account for its cash transactions. The following transactions occurred during the month: Debit: ₦10,000 (cash sales), ₦5,000 (cash purchases), ₦2,000 (bank charges) Credit: ₦8,000 (cash received from customers), ₦3,000 (cash paid to suppliers) Determine the balance in the control account.

Answer Options

A. ₦1,000
B. ₦2,000
Correct Answer C. ₦3,000
D. ₦4,000
Correct Answer
C
Correct Option:
₦3,000

About This Question

This is Post Utme Unilag 2025 Accounting Question 14. It is one of the objective questions from the 2025 Post Utme Unilag Accounting examination.

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