Post Utme Veritas University 2023 Commerce Question 31

Practice objective / multiple choice question 31 from the 2023 Post Utme Veritas University Commerce examination.

Post Utme Veritas University 2023 Commerce Objective / Multiple Choice
Question 31 POST_UTME_VERITAS_UNIVERSITY • 2023 • COMMERCE • objective

A company's sole trader has a business bank account with a balance of ₦250,000. The account has a minimum balance requirement of ₦50,000. If the account is overdrawn by ₦30,000, what is the total amount the sole trader must pay to bring the account balance to the minimum requirement?

Answer Options

Correct Answer A. ₦80,000
B. ₦70,000
C. ₦90,000
D. ₦60,000
Correct Answer
A
Correct Option:
₦80,000

About This Question

This is Post Utme Veritas University 2023 Commerce Question 31. It is one of the objective questions from the 2023 Post Utme Veritas University Commerce examination.

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