Post Utme Wellspring University 2022 Accounting Question 14

Practice objective / multiple choice question 14 from the 2022 Post Utme Wellspring University Accounting examination.

Post Utme Wellspring University 2022 Accounting Objective / Multiple Choice
Question 14 POST_UTME_WELLSPRING_UNIVERSITY • 2022 • ACCOUNTING • objective

A company uses the following control accounts: Cash ₦ 100,000, Accounts Payable ₦ 50,000, What is the correct formula to calculate the balance of the Cash account?

Answer Options

A. Cash + Accounts Payable
Correct Answer B. Cash - Accounts Payable
C. Cash + Accounts Payable + Sales
D. Cash - Accounts Payable - Sales
Correct Answer
B
Correct Option:
Cash - Accounts Payable

About This Question

This is Post Utme Wellspring University 2022 Accounting Question 14. It is one of the objective questions from the 2022 Post Utme Wellspring University Accounting examination.

View More Post Utme Wellspring University 2022 Accounting Questions More Post Utme Wellspring University Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support