Post Utme Bsu 2021 Accounting Question 11

Practice objective / multiple choice question 11 from the 2021 Post Utme Bsu Accounting examination.

Post Utme Bsu 2021 Accounting Objective / Multiple Choice
Question 11 POST_UTME_BSU • 2021 • ACCOUNTING • objective

A company uses a job costing system to account for its manufacturing activities. The company has two departments: Cutting and Assembly. The Cutting department has a balance of ₦120,000 in its work-in-progress account, while the Assembly department has a balance of ₦180,000 in its work-in-progress account. If the company's total work-in-progress balance is ₦300,000, what is the balance in the Cutting department's work-in-progress account after the Assembly department has completed its work?

Answer Options

A. ₦120,000
B. ₦180,000
Correct Answer C. ₦240,000
D. ₦300,000
Correct Answer
C
Correct Option:
₦240,000

About This Question

This is Post Utme Bsu 2021 Accounting Question 11. It is one of the objective questions from the 2021 Post Utme Bsu Accounting examination.

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