Post Utme Unilag 2025 Accounting Question 15

Practice objective / multiple choice question 15 from the 2025 Post Utme Unilag Accounting examination.

Post Utme Unilag 2025 Accounting Objective / Multiple Choice
Question 15 POST_UTME_UNILAG • 2025 • ACCOUNTING • objective

A company uses the double-entry system of accounting. The following transactions occurred during the month: Debit: ₦15,000 (purchases), ₦8,000 (salaries), ₦3,000 (rent) Credit: ₦12,000 (sales), ₦5,000 (dividends) Determine the balance in the capital account.

Answer Options

A. ₦10,000
B. ₦15,000
Correct Answer C. ₦20,000
D. ₦25,000
Correct Answer
C
Correct Option:
₦20,000

About This Question

This is Post Utme Unilag 2025 Accounting Question 15. It is one of the objective questions from the 2025 Post Utme Unilag Accounting examination.

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