Post Utme Madonna University 2019 Accounting Question 27

Practice objective / multiple choice question 27 from the 2019 Post Utme Madonna University Accounting examination.

Post Utme Madonna University 2019 Accounting Objective / Multiple Choice
Question 27 POST_UTME_MADONNA_UNIVERSITY • 2019 • ACCOUNTING • objective

A company has the following transactions for the year: - Purchased office equipment for ₦120,000. - Sold office equipment for ₦80,000. - Purchased office furniture for ₦60,000. - Sold office furniture for ₦40,000. Determine the net change in office equipment and furniture.

Answer Options

A. Increase of ₦40,000
Correct Answer B. Decrease of ₦40,000
C. Increase of ₦80,000
D. Decrease of ₦80,000
Correct Answer
B
Correct Option:
Decrease of ₦40,000

About This Question

This is Post Utme Madonna University 2019 Accounting Question 27. It is one of the objective questions from the 2019 Post Utme Madonna University Accounting examination.

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