Post Utme Abu 2023 Accounting Question 15

Practice objective / multiple choice question 15 from the 2023 Post Utme Abu Accounting examination.

Post Utme Abu 2023 Accounting Objective / Multiple Choice
Question 15 POST_UTME_ABU • 2023 • ACCOUNTING • objective

A company has the following transactions: Purchased office equipment for ₦50,000, paid ₦20,000 cash, and the balance on account. Sold goods for ₦80,000, received ₦60,000 cash, and the balance on account. Prepare the balance sheet for the company.

Answer Options

A. ₦30,000
B. ₦30,000
C. ₦30,000
Correct Answer D. ₦30,000
Correct Answer
D
Correct Option:
₦30,000

About This Question

This is Post Utme Abu 2023 Accounting Question 15. It is one of the objective questions from the 2023 Post Utme Abu Accounting examination.

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