Post Utme Ksu 2018 Accounting Question 9

Practice objective / multiple choice question 9 from the 2018 Post Utme Ksu Accounting examination.

Post Utme Ksu 2018 Accounting Objective / Multiple Choice
Question 9 POST_UTME_KSU • 2018 • ACCOUNTING • objective

A company has the following transactions: Purchased raw materials worth ₦120,000 on credit. Purchased machinery worth ₦500,000 on credit. Sold goods worth ₦300,000 for cash. Sold goods worth ₦200,000 on credit. Paid salaries worth ₦150,000 for the month. What is the total amount of cash paid for salaries?

Answer Options

Correct Answer A. ₦150,000
B. ₦200,000
C. ₦250,000
D. ₦300,000
Correct Answer
A
Correct Option:
₦150,000

About This Question

This is Post Utme Ksu 2018 Accounting Question 9. It is one of the objective questions from the 2018 Post Utme Ksu Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support