Post Utme Joseph Ayo Babalola University 2018 Accounting Question 33

Practice objective / multiple choice question 33 from the 2018 Post Utme Joseph Ayo Babalola University Accounting examination.

Post Utme Joseph Ayo Babalola University 2018 Accounting Objective / Multiple Choice
Question 33 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2018 • ACCOUNTING • objective

A company purchased a machine for ₦500,000 and immediately sold it for ₦550,000. Calculate the gain or loss on the sale of the machine.

Answer Options

A. ₦25,000
B. ₦50,000
C. ₦75,000
Correct Answer D. ₦100,000
Correct Answer
D
Correct Option:
₦100,000

About This Question

This is Post Utme Joseph Ayo Babalola University 2018 Accounting Question 33. It is one of the objective questions from the 2018 Post Utme Joseph Ayo Babalola University Accounting examination.

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