Post Utme Greenfield University 2022 Accounting Question 26

Practice objective / multiple choice question 26 from the 2022 Post Utme Greenfield University Accounting examination.

Post Utme Greenfield University 2022 Accounting Objective / Multiple Choice
Question 26 POST_UTME_GREENFIELD_UNIVERSITY • 2022 • ACCOUNTING • objective

A company uses the single entry system to record its transactions. The company's accountant has recorded the following transactions in the journal: | Date | Description | Debit | Credit | | --- | --- | --- | --- | | 2022-01-01 | Purchase of office equipment | 10,000 | 0 | | 2022-01-15 | Purchase of office supplies | 5,000 | 0 | | 2022-02-01 | Sale of goods | 0 | 20,000 | What is the total amount of assets recorded in the journal?

Answer Options

Correct Answer A. 15,000
B. 20,000
C. 25,000
D. 30,000
Correct Answer
A
Correct Option:
15,000

About This Question

This is Post Utme Greenfield University 2022 Accounting Question 26. It is one of the objective questions from the 2022 Post Utme Greenfield University Accounting examination.

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