Post Utme Elizade University 2017 Accounting Question 28

Practice objective / multiple choice question 28 from the 2017 Post Utme Elizade University Accounting examination.

Post Utme Elizade University 2017 Accounting Objective / Multiple Choice
Question 28 POST_UTME_ELIZADE_UNIVERSITY • 2017 • ACCOUNTING • objective

A company uses the double-entry system to record the following transactions: Purchased goods for ₦200,000; sold goods for ₦300,000; and paid rent of ₦50,000. Prepare the ledger accounts.

Answer Options

A. ₦250,000
B. ₦300,000
Correct Answer C. ₦350,000
D. ₦400,000
Correct Answer
C
Correct Option:
₦350,000

About This Question

This is Post Utme Elizade University 2017 Accounting Question 28. It is one of the objective questions from the 2017 Post Utme Elizade University Accounting examination.

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