Post Utme Babcock University 2025 Accounting Question 20

Practice objective / multiple choice question 20 from the 2025 Post Utme Babcock University Accounting examination.

Post Utme Babcock University 2025 Accounting Objective / Multiple Choice
Question 20 POST_UTME_BABCOCK_UNIVERSITY • 2025 • ACCOUNTING • objective

A company uses the single-entry system of accounting. The following transactions occurred during the year: Depreciation on a machine: ₦15,000 Interest on a loan: ₦8,000 Salaries: ₦120,000 Rent: ₦30,000 Purchases: ₦250,000 What is the total amount of expenses recorded in the single-entry system?

Answer Options

A. ₦403,000
B. ₦403,000
C. ₦403,000
Correct Answer D. ₦403,000
Correct Answer
D
Correct Option:
₦403,000

About This Question

This is Post Utme Babcock University 2025 Accounting Question 20. It is one of the objective questions from the 2025 Post Utme Babcock University Accounting examination.

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