Post Utme Madonna University 2017 Accounting Question 16

Practice objective / multiple choice question 16 from the 2017 Post Utme Madonna University Accounting examination.

Post Utme Madonna University 2017 Accounting Objective / Multiple Choice
Question 16 POST_UTME_MADONNA_UNIVERSITY • 2017 • ACCOUNTING • objective

A company uses the single entry system of accounting. The following transactions were recorded during the year: Depreciation on machinery: ₦10,000 Salaries and wages: ₦50,000 Rent: ₦20,000 Purchases: ₦80,000 Sales: ₦120,000 What is the total amount of expenses recorded by the company?

Answer Options

A. ₦180,000
Correct Answer B. ₦200,000
C. ₦220,000
D. ₦240,000
Correct Answer
B
Correct Option:
₦200,000

About This Question

This is Post Utme Madonna University 2017 Accounting Question 16. It is one of the objective questions from the 2017 Post Utme Madonna University Accounting examination.

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