Post Utme Afe Babalola University 2023 Accounting Question 9

Practice objective / multiple choice question 9 from the 2023 Post Utme Afe Babalola University Accounting examination.

Post Utme Afe Babalola University 2023 Accounting Objective / Multiple Choice
Question 9 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2023 • ACCOUNTING • objective

A company's ledger shows the following transactions: 1. Purchased office supplies for ₦10,000. 2. Sold goods for ₦50,000 on credit. 3. Paid salaries of ₦20,000 by cheque. 4. Received cash from customers ₦50,000. What is the total amount of assets recorded in the ledger at the end of the month?

Answer Options

A. ₦60,000
B. ₦70,000
C. ₦80,000
Correct Answer D. ₦90,000
Correct Answer
D
Correct Option:
₦90,000

About This Question

This is Post Utme Afe Babalola University 2023 Accounting Question 9. It is one of the objective questions from the 2023 Post Utme Afe Babalola University Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support