Post Utme Uniosun 2017 Accounting Question 39

Practice objective / multiple choice question 39 from the 2017 Post Utme Uniosun Accounting examination.

Post Utme Uniosun 2017 Accounting Objective / Multiple Choice
Question 39 POST_UTME_UNIOSUN • 2017 • ACCOUNTING • objective

A company has a self-balancing ledger with the following accounts: Cash, Accounts Receivable, and Accounts Payable. The balance in the Cash account is ₦50,000, the balance in the Accounts Receivable account is ₦30,000, and the balance in the Accounts Payable account is ₦20,000. What is the total balance in the self-balancing ledger?

Answer Options

Correct Answer A. ₦100,000
B. ₦120,000
C. ₦100,000
D. ₦80,000
Correct Answer
A
Correct Option:
₦100,000

About This Question

This is Post Utme Uniosun 2017 Accounting Question 39. It is one of the objective questions from the 2017 Post Utme Uniosun Accounting examination.

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