Post Utme Ims U 2021 Accounting Question 2

Practice objective / multiple choice question 2 from the 2021 Post Utme Ims U Accounting examination.

Post Utme Ims U 2021 Accounting Objective / Multiple Choice
Question 2 POST_UTME_IMS_U • 2021 • ACCOUNTING • objective

A company has the following transactions: Purchased office equipment for ₦50,000, sold goods for ₦120,000, and paid salaries of ₦30,000. What is the total amount of the company's expenses?

Answer Options

A. ₦80,000
Correct Answer B. ₦90,000
C. ₦100,000
D. ₦110,000
Correct Answer
B
Correct Option:
₦90,000

About This Question

This is Post Utme Ims U 2021 Accounting Question 2. It is one of the objective questions from the 2021 Post Utme Ims U Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support