Post Utme Ims U 2022 Accounting Question 18

Practice objective / multiple choice question 18 from the 2022 Post Utme Ims U Accounting examination.

Post Utme Ims U 2022 Accounting Objective / Multiple Choice
Question 18 POST_UTME_IMS_U • 2022 • ACCOUNTING • objective

A company purchases a machine for ₦120,000 and pays ₦10,000 as cash. The balance is paid in 4 equal installments at the end of each quarter. Calculate the amount of each installment.

Answer Options

A. ₦20,000
B. ₦22,000
Correct Answer C. ₦24,000
D. ₦26,000
Correct Answer
C
Correct Option:
₦24,000

About This Question

This is Post Utme Ims U 2022 Accounting Question 18. It is one of the objective questions from the 2022 Post Utme Ims U Accounting examination.

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