Post Utme Al Hikmah University 2018 Accounting Question 26

Practice objective / multiple choice question 26 from the 2018 Post Utme Al Hikmah University Accounting examination.

Post Utme Al Hikmah University 2018 Accounting Objective / Multiple Choice
Question 26 POST_UTME_AL-HIKMAH_UNIVERSITY • 2018 • ACCOUNTING • objective

A company uses the double-entry system of accounting. The following transactions occurred during the year: Depreciation on a machine: ₦10,000 Purchase of a new machine: ₦50,000 Sale of goods: ₦200,000 Drawings: ₦20,000 What is the total debit balance in the ledger?

Answer Options

A. ₦80,000
Correct Answer B. ₦90,000
C. ₦100,000
D. ₦110,000
Correct Answer
B
Correct Option:
₦90,000

About This Question

This is Post Utme Al Hikmah University 2018 Accounting Question 26. It is one of the objective questions from the 2018 Post Utme Al Hikmah University Accounting examination.

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