Post Utme Al Hikmah University 2025 Accounting Question 18

Practice objective / multiple choice question 18 from the 2025 Post Utme Al Hikmah University Accounting examination.

Post Utme Al Hikmah University 2025 Accounting Objective / Multiple Choice
Question 18 POST_UTME_AL-HIKMAH_UNIVERSITY • 2025 • ACCOUNTING • objective

A company uses the perpetual inventory system. On January 1, the inventory balance is ₦50,000. During the month, the company purchases goods worth ₦30,000 and sells goods worth ₦20,000. What is the inventory balance on January 31?

Answer Options

A. ₦40,000
B. ₦50,000
Correct Answer C. ₦60,000
D. ₦70,000
Correct Answer
C
Correct Option:
₦60,000

About This Question

This is Post Utme Al Hikmah University 2025 Accounting Question 18. It is one of the objective questions from the 2025 Post Utme Al Hikmah University Accounting examination.

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