Post Utme Caleb University 2023 Accounting Question 29

Practice objective / multiple choice question 29 from the 2023 Post Utme Caleb University Accounting examination.

Post Utme Caleb University 2023 Accounting Objective / Multiple Choice
Question 29 POST_UTME_CALEB_UNIVERSITY • 2023 • ACCOUNTING • objective

A company has the following transactions in its ledger: | Date | Description | Debit | Credit | | --- | --- | --- | --- | | 1st Jan | Purchase of goods | ₦100,000 | | | 2nd Jan | Sale of goods | | ₦150,000 | | 3rd Jan | Payment of wages | | ₦50,000 | | 4th Jan | Purchase of goods | ₦80,000 | | What is the total amount of expenses?

Answer Options

A. ₦230,000
B. ₦240,000
Correct Answer C. ₦250,000
D. ₦260,000
Correct Answer
C
Correct Option:
₦250,000

About This Question

This is Post Utme Caleb University 2023 Accounting Question 29. It is one of the objective questions from the 2023 Post Utme Caleb University Accounting examination.

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