Post Utme Al Hikmah University 2019 Accounting Question 32

Practice objective / multiple choice question 32 from the 2019 Post Utme Al Hikmah University Accounting examination.

Post Utme Al Hikmah University 2019 Accounting Objective / Multiple Choice
Question 32 POST_UTME_AL-HIKMAH_UNIVERSITY • 2019 • ACCOUNTING • objective

A company has the following transactions: Purchase of goods for ₦200,000, Sales of goods for ₦300,000, Purchase of equipment for ₦100,000, and Payment of wages for ₦50,000. Prepare a simple ledger account for the company.

Answer Options

Correct Answer A. Debit: ₦200,000, Credit: ₦350,000
B. Debit: ₦300,000, Credit: ₦250,000
C. Debit: ₦300,000, Credit: ₦350,000
D. Debit: ₦200,000, Credit: ₦250,000
Correct Answer
A
Correct Option:
Debit: ₦200,000, Credit: ₦350,000

About This Question

This is Post Utme Al Hikmah University 2019 Accounting Question 32. It is one of the objective questions from the 2019 Post Utme Al Hikmah University Accounting examination.

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