Post Utme Uniosun 2021 Accounting Question 9

Practice objective / multiple choice question 9 from the 2021 Post Utme Uniosun Accounting examination.

Post Utme Uniosun 2021 Accounting Objective / Multiple Choice
Question 9 POST_UTME_UNIOSUN • 2021 • ACCOUNTING • objective

A company's control account shows a balance of ₦100,000. Its self-balancing ledger shows a balance of ₦150,000. What is the net effect on the company's financial position?

Answer Options

Correct Answer A. ₦50,000 increase
B. ₦50,000 decrease
C. ₦100,000 increase
D. ₦100,000 decrease
Correct Answer
A
Correct Option:
₦50,000 increase

About This Question

This is Post Utme Uniosun 2021 Accounting Question 9. It is one of the objective questions from the 2021 Post Utme Uniosun Accounting examination.

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