Post Utme Caleb University 2017 Accounting Question 38

Practice objective / multiple choice question 38 from the 2017 Post Utme Caleb University Accounting examination.

Post Utme Caleb University 2017 Accounting Objective / Multiple Choice
Question 38 POST_UTME_CALEB_UNIVERSITY • 2017 • ACCOUNTING • objective

A company uses the single entry system of accounting. The following transactions are recorded in the journal: Debit: ₦10,000, Credit: ₦15,000. Debit: ₦20,000, Credit: ₦25,000. Debit: ₦30,000, Credit: ₦35,000. What is the total amount of the journal entries?

Answer Options

A. ₦75,000
B. ₦85,000
Correct Answer C. ₦95,000
D. ₦105,000
Correct Answer
C
Correct Option:
₦95,000

About This Question

This is Post Utme Caleb University 2017 Accounting Question 38. It is one of the objective questions from the 2017 Post Utme Caleb University Accounting examination.

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