Post Utme Afe Babalola University 2017 Accounting Question 13

Practice objective / multiple choice question 13 from the 2017 Post Utme Afe Babalola University Accounting examination.

Post Utme Afe Babalola University 2017 Accounting Objective / Multiple Choice
Question 13 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2017 • ACCOUNTING • objective

A company purchases a building for ₦2,000,000 and sells it for ₦2,500,000. What is the gain on the sale of the building?

Answer Options

Correct Answer A. ₦500,000
B. ₦1,000,000
C. ₦1,500,000
D. ₦2,000,000
Correct Answer
A
Correct Option:
₦500,000

About This Question

This is Post Utme Afe Babalola University 2017 Accounting Question 13. It is one of the objective questions from the 2017 Post Utme Afe Babalola University Accounting examination.

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