Post Utme Babcock University 2023 Accounting Question 1

Practice objective / multiple choice question 1 from the 2023 Post Utme Babcock University Accounting examination.

Post Utme Babcock University 2023 Accounting Objective / Multiple Choice
Question 1 POST_UTME_BABCOCK_UNIVERSITY • 2023 • ACCOUNTING • objective

A public sector organization has the following transactions for the year ended December 31, 2022: Purchased office equipment for ₦120,000; sold office equipment for ₦80,000; purchased office supplies for ₦30,000; and sold office supplies for ₦20,000. Prepare the statement of changes in equity for the year.

Answer Options

A. ₦50,000
Correct Answer B. ₦60,000
C. ₦70,000
D. ₦80,000
Correct Answer
B
Correct Option:
₦60,000

About This Question

This is Post Utme Babcock University 2023 Accounting Question 1. It is one of the objective questions from the 2023 Post Utme Babcock University Accounting examination.

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