Post Utme Joseph Ayo Babalola University 2017 Accounting Question 38

Practice objective / multiple choice question 38 from the 2017 Post Utme Joseph Ayo Babalola University Accounting examination.

Post Utme Joseph Ayo Babalola University 2017 Accounting Objective / Multiple Choice
Question 38 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2017 • ACCOUNTING • objective

A company uses the asset valuation account to record transactions. If the company purchases a machine for ₦50,000 and sells it for ₦40,000, what is the loss on sale?

Answer Options

Correct Answer A. ₦10,000
B. ₦12,000
C. ₦14,000
D. ₦16,000
Correct Answer
A
Correct Option:
₦10,000

About This Question

This is Post Utme Joseph Ayo Babalola University 2017 Accounting Question 38. It is one of the objective questions from the 2017 Post Utme Joseph Ayo Babalola University Accounting examination.

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