Post Utme Aaua 2020 Accounting Question 1

Practice objective / multiple choice question 1 from the 2020 Post Utme Aaua Accounting examination.

Post Utme Aaua 2020 Accounting Objective / Multiple Choice
Question 1 POST_UTME_AAUA • 2020 • ACCOUNTING • objective

A company uses the single-entry system of accounting. The following transactions occurred during the year: Depreciation on a machine: ₦12,000 Interest on a loan: ₦8,000 Salaries: ₦150,000 Rent: ₦30,000 What is the total amount of expenses for the year?

Answer Options

Correct Answer A. ₦200,000
B. ₦190,000
C. ₦180,000
D. ₦200,000
Correct Answer
A
Correct Option:
₦200,000

About This Question

This is Post Utme Aaua 2020 Accounting Question 1. It is one of the objective questions from the 2020 Post Utme Aaua Accounting examination.

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