Post Utme Crawford University 2025 Accounting Question 8

Practice objective / multiple choice question 8 from the 2025 Post Utme Crawford University Accounting examination.

Post Utme Crawford University 2025 Accounting Objective / Multiple Choice
Question 8 POST_UTME_CRAWFORD_UNIVERSITY • 2025 • ACCOUNTING • objective

A company has the following transactions: Purchase of goods for ₦100,000, Sales of goods for ₦150,000, Purchase of equipment for ₦50,000, and Payment of rent for ₦20,000. Prepare a simple ledger account for the company.

Answer Options

Correct Answer A. Assets: ₦150,000, Liabilities: ₦20,000, Equity: ₦130,000
B. Assets: ₦100,000, Liabilities: ₦50,000, Equity: ₦50,000
C. Assets: ₦150,000, Liabilities: ₦50,000, Equity: ₦100,000
D. Assets: ₦100,000, Liabilities: ₦20,000, Equity: ₦80,000
Correct Answer
A
Correct Option:
Assets: ₦150,000, Liabilities: ₦20,000, Equity: ₦130,000

About This Question

This is Post Utme Crawford University 2025 Accounting Question 8. It is one of the objective questions from the 2025 Post Utme Crawford University Accounting examination.

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