Post Utme Uniosun 2019 Accounting Question 10

Practice objective / multiple choice question 10 from the 2019 Post Utme Uniosun Accounting examination.

Post Utme Uniosun 2019 Accounting Objective / Multiple Choice
Question 10 POST_UTME_UNIOSUN • 2019 • ACCOUNTING • objective

A company's single entry system shows the following transactions: debit of ₦1,000, credit of ₦500, debit of ₦800, credit of ₦200. Calculate the net balance in the single entry system.

Answer Options

A. ₦300
B. ₦400
Correct Answer C. ₦500
D. ₦600
Correct Answer
C
Correct Option:
₦500

About This Question

This is Post Utme Uniosun 2019 Accounting Question 10. It is one of the objective questions from the 2019 Post Utme Uniosun Accounting examination.

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