Post Utme Bells University 2018 Accounting Question 20

Practice objective / multiple choice question 20 from the 2018 Post Utme Bells University Accounting examination.

Post Utme Bells University 2018 Accounting Objective / Multiple Choice
Question 20 POST_UTME_BELLS_UNIVERSITY • 2018 • ACCOUNTING • objective

A company purchased a machine for ₦40,000 and sold it for ₦50,000. The profit on the sale of the machine is credited to the profit and loss account. Prepare the machine account.

Answer Options

A. ₦10,000
B. ₦20,000
Correct Answer C. ₦30,000
D. ₦40,000
Correct Answer
C
Correct Option:
₦30,000

About This Question

This is Post Utme Bells University 2018 Accounting Question 20. It is one of the objective questions from the 2018 Post Utme Bells University Accounting examination.

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