Post Utme Lautech 2025 Accounting Question 5

Practice objective / multiple choice question 5 from the 2025 Post Utme Lautech Accounting examination.

Post Utme Lautech 2025 Accounting Objective / Multiple Choice
Question 5 POST_UTME_LAUTECH • 2025 • ACCOUNTING • objective

A company purchases a machine for ₦800,000 and immediately sells it for ₦700,000. The company also incurs a selling commission of ₦30,000. Calculate the loss made on the sale of the machine.

Answer Options

A. ₦50,000
B. ₦60,000
Correct Answer C. ₦70,000
D. ₦80,000
Correct Answer
C
Correct Option:
₦70,000

About This Question

This is Post Utme Lautech 2025 Accounting Question 5. It is one of the objective questions from the 2025 Post Utme Lautech Accounting examination.

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