Post Utme Igbinedion University 2018 Accounting Question 10

Practice objective / multiple choice question 10 from the 2018 Post Utme Igbinedion University Accounting examination.

Post Utme Igbinedion University 2018 Accounting Objective / Multiple Choice
Question 10 POST_UTME_IGBINEDION_UNIVERSITY • 2018 • ACCOUNTING • objective

A company uses the single entry system of accounting. The following transactions are recorded: Purchase of goods ₦50,000, Sales of goods ₦70,000, Purchase of machinery ₦30,000. What is the total amount of the company's assets?

Answer Options

A. ₦130,000
B. ₦140,000
C. ₦150,000
Correct Answer D. ₦160,000
Correct Answer
D
Correct Option:
₦160,000

About This Question

This is Post Utme Igbinedion University 2018 Accounting Question 10. It is one of the objective questions from the 2018 Post Utme Igbinedion University Accounting examination.

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