Post Utme Igbinedion University 2017 Accounting Question 1
Practice objective / multiple choice question 1 from the 2017 Post Utme Igbinedion University Accounting examination.
A company uses the single entry system of accounting. The following transactions occurred during the year: Depreciation on machinery: ₦15,000 Depreciation on building: ₦20,000 Salaries paid: ₦120,000 Rent paid: ₦30,000 Purchase of office equipment: ₦25,000 What is the total amount of expenses recorded in the single entry system?
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This is Post Utme Igbinedion University 2017 Accounting Question 1. It is one of the objective questions from the 2017 Post Utme Igbinedion University Accounting examination.
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