Post Utme Crawford University 2022 Accounting Question 14

Practice objective / multiple choice question 14 from the 2022 Post Utme Crawford University Accounting examination.

Post Utme Crawford University 2022 Accounting Objective / Multiple Choice
Question 14 POST_UTME_CRAWFORD_UNIVERSITY • 2022 • ACCOUNTING • objective

A company uses the double-entry system of accounting. The following transactions are recorded: (i) purchased office equipment for ₦50,000, (ii) sold goods for ₦100,000, and (iii) received cash from customers for ₦20,000. Prepare the company's ledger accounts.

Answer Options

A. ₦70,000
B. ₦80,000
C. ₦90,000
Correct Answer D. ₦100,000
Correct Answer
D
Correct Option:
₦100,000

About This Question

This is Post Utme Crawford University 2022 Accounting Question 14. It is one of the objective questions from the 2022 Post Utme Crawford University Accounting examination.

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