Post Utme Igbinedion University 2023 Accounting Question 40

Practice objective / multiple choice question 40 from the 2023 Post Utme Igbinedion University Accounting examination.

Post Utme Igbinedion University 2023 Accounting Objective / Multiple Choice
Question 40 POST_UTME_IGBINEDION_UNIVERSITY • 2023 • ACCOUNTING • objective

A company has the following transactions: a purchase of ₦50,000 cash, a sale of ₦30,000 cash, and a purchase of ₦20,000 credit. If the company's beginning balance is ₦10,000, what is the company's ending balance?

Answer Options

A. ₦20,000
B. ₦30,000
C. ₦40,000
Correct Answer D. ₦50,000
Correct Answer
D
Correct Option:
₦50,000

About This Question

This is Post Utme Igbinedion University 2023 Accounting Question 40. It is one of the objective questions from the 2023 Post Utme Igbinedion University Accounting examination.

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