Post Utme Eksu 2021 Accounting Question 31
Practice objective / multiple choice question 31 from the 2021 Post Utme Eksu Accounting examination.
A company uses the single-entry system. The company's beginning balance is ₦100,000, and the company has the following transactions: | Date | Transaction | Debit | Credit | | --- | --- | --- | --- | | 1 | Purchase of goods | ₦50,000 | ₦0 | | 2 | Sale of goods | ₦0 | ₦60,000 | | 3 | Purchase of equipment | ₦20,000 | ₦0 | | 4 | Payment of cash | ₦0 | ₦80,000 | What is the company's ending balance?
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About This Question
This is Post Utme Eksu 2021 Accounting Question 31. It is one of the objective questions from the 2021 Post Utme Eksu Accounting examination.
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