Post Utme Joseph Ayo Babalola University 2019 Accounting Question 7

Practice objective / multiple choice question 7 from the 2019 Post Utme Joseph Ayo Babalola University Accounting examination.

Post Utme Joseph Ayo Babalola University 2019 Accounting Objective / Multiple Choice
Question 7 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2019 • ACCOUNTING • objective

A company uses the double entry system of accounting. The following transactions occurred during the year: Purchase of a machine for ₦500,000 Purchase of office supplies for ₦30,000 Salaries paid: ₦150,000 Rent paid: ₦60,000 What is the total amount of assets recorded in the double entry system?

Answer Options

A. ₦680,000
B. ₦690,000
Correct Answer C. ₦680,000
D. ₦690,000
Correct Answer
C
Correct Option:
₦680,000

About This Question

This is Post Utme Joseph Ayo Babalola University 2019 Accounting Question 7. It is one of the objective questions from the 2019 Post Utme Joseph Ayo Babalola University Accounting examination.

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