Post Utme Al Hikmah University 2021 Accounting Question 38

Practice objective / multiple choice question 38 from the 2021 Post Utme Al Hikmah University Accounting examination.

Post Utme Al Hikmah University 2021 Accounting Objective / Multiple Choice
Question 38 POST_UTME_AL-HIKMAH_UNIVERSITY • 2021 • ACCOUNTING • objective

A company purchased a machine for ₦50,000 and immediately sold it for ₦60,000. What is the gain or loss on the sale of the machine?

Answer Options

Correct Answer A. ₦10,000 gain
B. ₦10,000 loss
C. ₦5,000 gain
D. ₦5,000 loss
Correct Answer
A
Correct Option:
₦10,000 gain

About This Question

This is Post Utme Al Hikmah University 2021 Accounting Question 38. It is one of the objective questions from the 2021 Post Utme Al Hikmah University Accounting examination.

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