Post Utme Bsu 2023 Accounting Question 20

Practice objective / multiple choice question 20 from the 2023 Post Utme Bsu Accounting examination.

Post Utme Bsu 2023 Accounting Objective / Multiple Choice
Question 20 POST_UTME_BSU • 2023 • ACCOUNTING • objective

A company purchases a building for ₦2,000,000 and sells it after 5 years for ₦2,500,000. Calculate the gain on sale of the building.

Answer Options

A. ₦250,000
B. ₦500,000
Correct Answer C. ₦750,000
D. ₦1,000,000
Correct Answer
C
Correct Option:
₦750,000

About This Question

This is Post Utme Bsu 2023 Accounting Question 20. It is one of the objective questions from the 2023 Post Utme Bsu Accounting examination.

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