Post Utme Lead City University 2019 Accounting Question 10

Practice objective / multiple choice question 10 from the 2019 Post Utme Lead City University Accounting examination.

Post Utme Lead City University 2019 Accounting Objective / Multiple Choice
Question 10 POST_UTME_LEAD_CITY_UNIVERSITY • 2019 • ACCOUNTING • objective

A company's balance sheet shows a total assets of ₦500,000 and a total liabilities of ₦300,000. The company's accountant has identified the following transactions as possible causes of the discrepancy:

Answer Options

A. Sold assets for ₦100,000
Correct Answer B. Purchased assets for ₦100,000
C. Issued shares for ₦100,000
D. Paid dividends of ₦100,000
Correct Answer
B
Correct Option:
Purchased assets for ₦100,000

About This Question

This is Post Utme Lead City University 2019 Accounting Question 10. It is one of the objective questions from the 2019 Post Utme Lead City University Accounting examination.

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