Post Utme Afe Babalola University 2020 Accounting Question 21

Practice objective / multiple choice question 21 from the 2020 Post Utme Afe Babalola University Accounting examination.

Post Utme Afe Babalola University 2020 Accounting Objective / Multiple Choice
Question 21 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2020 • ACCOUNTING • objective

A company has the following transactions: Sale of goods for ₦200,000 cash Purchase of goods for ₦160,000 on credit Payment of ₦40,000 cash to a creditor What is the total amount of assets on the balance sheet?

Answer Options

A. ₦160,000
B. ₦200,000
Correct Answer C. ₦240,000
D. ₦280,000
Correct Answer
C
Correct Option:
₦240,000

About This Question

This is Post Utme Afe Babalola University 2020 Accounting Question 21. It is one of the objective questions from the 2020 Post Utme Afe Babalola University Accounting examination.

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