Post Utme Ksu 2024 Accounting Question 11

Practice objective / multiple choice question 11 from the 2024 Post Utme Ksu Accounting examination.

Post Utme Ksu 2024 Accounting Objective / Multiple Choice
Question 11 POST_UTME_KSU • 2024 • ACCOUNTING • objective

A company uses the single entry system. The following transactions occurred during the year: Purchase of equipment for ₦5,000,000, Sale of goods for ₦10,000,000, Purchase of raw materials for ₦2,000,000. Calculate the total assets of the company at the end of the year.

Answer Options

A. ₦17,000,000
B. ₦17,500,000
Correct Answer C. ₦18,000,000
D. ₦18,500,000
Correct Answer
C
Correct Option:
₦18,000,000

About This Question

This is Post Utme Ksu 2024 Accounting Question 11. It is one of the objective questions from the 2024 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