Post Utme Christopher University 2022 Accounting Question 23

Practice objective / multiple choice question 23 from the 2022 Post Utme Christopher University Accounting examination.

Post Utme Christopher University 2022 Accounting Objective / Multiple Choice
Question 23 POST_UTME_CHRISTOPHER_UNIVERSITY • 2022 • ACCOUNTING • objective

A company has a single entry system. The following transactions are recorded: Purchase of goods for ₦50,000, Sales of goods for ₦75,000, and Purchase of equipment for ₦20,000. Prepare the journal entries for the above transactions.

Answer Options

Correct Answer A. ₦75,000
B. ₦50,000
C. ₦20,000
D. ₦10,000
Correct Answer
A
Correct Option:
₦75,000

About This Question

This is Post Utme Christopher University 2022 Accounting Question 23. It is one of the objective questions from the 2022 Post Utme Christopher University Accounting examination.

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