Post Utme Bells University 2021 Accounting Question 1

Practice objective / multiple choice question 1 from the 2021 Post Utme Bells University Accounting examination.

Post Utme Bells University 2021 Accounting Objective / Multiple Choice
Question 1 POST_UTME_BELLS_UNIVERSITY • 2021 • ACCOUNTING • objective

A company uses the double-entry system to record its transactions. The following transactions occurred during the month of January: Purchased office supplies for ₦10,000 cash. Sold goods for ₦50,000 on credit. Purchased a new computer for ₦30,000 on credit. What is the total amount of assets recorded in the ledger at the end of January?

Answer Options

A. ₦80,000
B. ₦90,000
Correct Answer C. ₦100,000
D. ₦110,000
Correct Answer
C
Correct Option:
₦100,000

About This Question

This is Post Utme Bells University 2021 Accounting Question 1. It is one of the objective questions from the 2021 Post Utme Bells University Accounting examination.

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