Post Utme Afe Babalola University 2023 Accounting Question 15

Practice objective / multiple choice question 15 from the 2023 Post Utme Afe Babalola University Accounting examination.

Post Utme Afe Babalola University 2023 Accounting Objective / Multiple Choice
Question 15 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2023 • ACCOUNTING • objective

A company has the following transactions: Purchased raw materials ₦100,000, Sold goods ₦200,000, Purchased equipment ₦50,000, and Sold equipment ₦20,000. What is the net increase in assets?

Answer Options

A. ₦150,000
B. ₦175,000
Correct Answer C. ₦200,000
D. ₦225,000
Correct Answer
C
Correct Option:
₦200,000

About This Question

This is Post Utme Afe Babalola University 2023 Accounting Question 15. It is one of the objective questions from the 2023 Post Utme Afe Babalola University Accounting examination.

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