Post Utme Futa 2022 Accounting Question 16
Practice objective / multiple choice question 16 from the 2022 Post Utme Futa Accounting examination.
A company uses the single-entry system of accounting. The following transactions occurred during the year: 1. Purchased office supplies for ₦10,000. 2. Collected cash from customers for ₦50,000. 3. Paid salaries to employees for ₦30,000. 4. Purchased a new vehicle for ₦200,000. What is the total amount of assets on the balance sheet?
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About This Question
This is Post Utme Futa 2022 Accounting Question 16. It is one of the objective questions from the 2022 Post Utme Futa Accounting examination.
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