Post Utme Afe Babalola University 2023 Accounting Question 6

Practice objective / multiple choice question 6 from the 2023 Post Utme Afe Babalola University Accounting examination.

Post Utme Afe Babalola University 2023 Accounting Objective / Multiple Choice
Question 6 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2023 • ACCOUNTING • objective

A company uses the double-entry system of accounting. The following transactions occurred during the month of January: Purchased office supplies for ₦10,000 cash. Sold goods for ₦50,000 on credit. Paid salaries of ₦20,000 by cheque. What is the total amount of assets recorded in the ledger at the end of January?

Answer Options

A. ₦30,000
B. ₦40,000
Correct Answer C. ₦50,000
D. ₦60,000
Correct Answer
C
Correct Option:
₦50,000

About This Question

This is Post Utme Afe Babalola University 2023 Accounting Question 6. It is one of the objective questions from the 2023 Post Utme Afe Babalola University Accounting examination.

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