Post Utme Lautech 2017 Accounting Question 8

Practice objective / multiple choice question 8 from the 2017 Post Utme Lautech Accounting examination.

Post Utme Lautech 2017 Accounting Objective / Multiple Choice
Question 8 POST_UTME_LAUTECH • 2017 • ACCOUNTING • objective

A company uses the double-entry system of accounting. The company's journal entries for the month of January 2018 are as follows: Debit Accounts Payable ₦50,000, Debit Salaries Expense ₦30,000, Credit Cash ₦80,000, and Credit Sales Revenue ₦100,000. Prepare the company's ledger accounts for the month of January 2018.

Answer Options

A. ₦130,000
B. ₦140,000
Correct Answer C. ₦150,000
D. ₦160,000
Correct Answer
C
Correct Option:
₦150,000

About This Question

This is Post Utme Lautech 2017 Accounting Question 8. It is one of the objective questions from the 2017 Post Utme Lautech Accounting examination.

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