Post Utme Afe Babalola University 2017 Accounting Question 1

Practice objective / multiple choice question 1 from the 2017 Post Utme Afe Babalola University Accounting examination.

Post Utme Afe Babalola University 2017 Accounting Objective / Multiple Choice
Question 1 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2017 • ACCOUNTING • objective

A public sector organization has the following transactions for the year ended December 31, 2022: Depreciation on assets: ₦120,000 Salaries and wages: ₦150,000 Rent: ₦30,000 Utilities: ₦20,000 Total assets: ₦500,000 What is the total amount of expenses for the year ended December 31, 2022?

Answer Options

A. ₦320,000
B. ₦420,000
Correct Answer C. ₦520,000
D. ₦620,000
Correct Answer
C
Correct Option:
₦520,000

About This Question

This is Post Utme Afe Babalola University 2017 Accounting Question 1. It is one of the objective questions from the 2017 Post Utme Afe Babalola University Accounting examination.

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