Post Utme Futa 2021 Accounting Question 34

Practice objective / multiple choice question 34 from the 2021 Post Utme Futa Accounting examination.

Post Utme Futa 2021 Accounting Objective / Multiple Choice
Question 34 POST_UTME_FUTA • 2021 • ACCOUNTING • objective

A public sector organization has the following transactions for the year: Debit: ₦100,000 (Purchase of office equipment), ₦50,000 (Purchase of stationery), ₦20,000 (Rent paid), ₦30,000 (Salaries paid) Credit: ₦150,000 (Sale of goods), ₦40,000 (Sale of services), ₦10,000 (Interest received) Prepare the trial balance.

Answer Options

A. ₦200,000
Correct Answer B. ₦250,000
C. ₦300,000
D. ₦350,000
Correct Answer
B
Correct Option:
₦250,000

About This Question

This is Post Utme Futa 2021 Accounting Question 34. It is one of the objective questions from the 2021 Post Utme Futa Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support