Post Utme Madonna University 2022 Accounting Question 29

Practice objective / multiple choice question 29 from the 2022 Post Utme Madonna University Accounting examination.

Post Utme Madonna University 2022 Accounting Objective / Multiple Choice
Question 29 POST_UTME_MADONNA_UNIVERSITY • 2022 • ACCOUNTING • objective

A company has a single entry system. The following transactions were recorded in the single entry system: | Date | Particulars | Debit | Credit | | --- | --- | --- | --- | | 1st Jan | Cash | ₦10,000 | | | 2nd Jan | Purchases | | ₦15,000 | | 3rd Jan | Sales | | ₦20,000 | What is the total amount of assets recorded in the single entry system?

Answer Options

A. ₦25,000
B. ₦30,000
Correct Answer C. ₦35,000
D. ₦40,000
Correct Answer
C
Correct Option:
₦35,000

About This Question

This is Post Utme Madonna University 2022 Accounting Question 29. It is one of the objective questions from the 2022 Post Utme Madonna University Accounting examination.

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