Post Utme Joseph Ayo Babalola University 2025 Accounting Question 23

Practice objective / multiple choice question 23 from the 2025 Post Utme Joseph Ayo Babalola University Accounting examination.

Post Utme Joseph Ayo Babalola University 2025 Accounting Objective / Multiple Choice
Question 23 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2025 • ACCOUNTING • objective

A company has the following transactions: Purchased office equipment for ₦120,000; sold goods for ₦80,000; purchased raw materials for ₦60,000; and paid salaries of ₦40,000. What is the total amount of expenses?

Answer Options

A. ₦220,000
Correct Answer B. ₦240,000
C. ₦260,000
D. ₦280,000
Correct Answer
B
Correct Option:
₦240,000

About This Question

This is Post Utme Joseph Ayo Babalola University 2025 Accounting Question 23. It is one of the objective questions from the 2025 Post Utme Joseph Ayo Babalola University Accounting examination.

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