Post Utme Afe Babalola University 2019 Accounting Question 20

Practice objective / multiple choice question 20 from the 2019 Post Utme Afe Babalola University Accounting examination.

Post Utme Afe Babalola University 2019 Accounting Objective / Multiple Choice
Question 20 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2019 • ACCOUNTING • objective

A company has the following transactions: Purchased an asset for ₦200,000 Sold an asset for ₦150,000 What is the gain or loss on the sale of the asset?

Answer Options

A. ₦50,000
B. ₦0
Correct Answer C. ₦-50,000
D. ₦-100,000
Correct Answer
C
Correct Option:
₦-50,000

About This Question

This is Post Utme Afe Babalola University 2019 Accounting Question 20. It is one of the objective questions from the 2019 Post Utme Afe Babalola University Accounting examination.

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