Post Utme Futa 2017 Accounting Question 38

Practice objective / multiple choice question 38 from the 2017 Post Utme Futa Accounting examination.

Post Utme Futa 2017 Accounting Objective / Multiple Choice
Question 38 POST_UTME_FUTA • 2017 • ACCOUNTING • objective

A company uses the double entry system to record its transactions. The following transactions were recorded during the year: Debit: ₦20,000 to 'Office Equipment' Credit: ₦10,000 to 'Rent' and ₦5,000 to 'Salaries' What is the total amount of the company's expenses for the year?

Answer Options

A. ₦35,000
B. ₦40,000
Correct Answer C. ₦45,000
D. ₦50,000
Correct Answer
C
Correct Option:
₦45,000

About This Question

This is Post Utme Futa 2017 Accounting Question 38. It is one of the objective questions from the 2017 Post Utme Futa Accounting examination.

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