Post Utme Futa 2025 Accounting Question 40

Practice objective / multiple choice question 40 from the 2025 Post Utme Futa Accounting examination.

Post Utme Futa 2025 Accounting Objective / Multiple Choice
Question 40 POST_UTME_FUTA • 2025 • ACCOUNTING • objective

A company has the following transactions during the year: Jan 1: Purchased equipment for ₦200,000. Jan 15: Sold merchandise for ₦50,000. Feb 1: Purchased merchandise for ₦30,000. What is the total amount of assets on February 1?

Answer Options

A. ₦230,000
Correct Answer B. ₦240,000
C. ₦250,000
D. ₦260,000
Correct Answer
B
Correct Option:
₦240,000

About This Question

This is Post Utme Futa 2025 Accounting Question 40. It is one of the objective questions from the 2025 Post Utme Futa Accounting examination.

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