Post Utme Achievers University 2024 Accounting Question 35

Practice objective / multiple choice question 35 from the 2024 Post Utme Achievers University Accounting examination.

Post Utme Achievers University 2024 Accounting Objective / Multiple Choice
Question 35 POST_UTME_ACHIEVERS_UNIVERSITY • 2024 • ACCOUNTING • objective

A company has the following transactions: Purchased office supplies for ₦10,000, Purchased office equipment for ₦50,000, and Sold office equipment for ₦20,000. What is the net effect on the company's office equipment account?

Answer Options

A. ₦30,000 debit
Correct Answer B. ₦30,000 credit
C. ₦40,000 debit
D. ₦40,000 credit
Correct Answer
B
Correct Option:
₦30,000 credit

About This Question

This is Post Utme Achievers University 2024 Accounting Question 35. It is one of the objective questions from the 2024 Post Utme Achievers University Accounting examination.

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