Post Utme Bowen University 2023 Accounting Question 6

Practice objective / multiple choice question 6 from the 2023 Post Utme Bowen University Accounting examination.

Post Utme Bowen University 2023 Accounting Objective / Multiple Choice
Question 6 POST_UTME_BOWEN_UNIVERSITY • 2023 • ACCOUNTING • objective

A company uses the double-entry system of accounting. The following transactions occurred during the month of January: (1) Purchased office supplies for ₦10,000 cash. (2) Sold goods for ₦50,000 on credit. (3) Purchased a machine for ₦80,000 on credit. (4) Paid salaries of ₦30,000. What is the total debit balance in the ledger?

Answer Options

A. ₦120,000
B. ₦130,000
Correct Answer C. ₦140,000
D. ₦150,000
Correct Answer
C
Correct Option:
₦140,000

About This Question

This is Post Utme Bowen University 2023 Accounting Question 6. It is one of the objective questions from the 2023 Post Utme Bowen University Accounting examination.

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