Post Utme Esut 2021 Accounting Question 20

Practice objective / multiple choice question 20 from the 2021 Post Utme Esut Accounting examination.

Post Utme Esut 2021 Accounting Objective / Multiple Choice
Question 20 POST_UTME_ESUT • 2021 • ACCOUNTING • objective

A company purchases a machine for ₦80,000 and sells it for ₦100,000. Calculate the gain or loss on the sale of the machine.

Answer Options

A. ₦20,000
Correct Answer B. ₦30,000
C. ₦40,000
D. ₦50,000
Correct Answer
B
Correct Option:
₦30,000

About This Question

This is Post Utme Esut 2021 Accounting Question 20. It is one of the objective questions from the 2021 Post Utme Esut Accounting examination.

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