Post Utme Mountain Top University 2024 Accounting Question 8

Practice objective / multiple choice question 8 from the 2024 Post Utme Mountain Top University Accounting examination.

Post Utme Mountain Top University 2024 Accounting Objective / Multiple Choice
Question 8 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2024 • ACCOUNTING • objective

A company is preparing its financial statements for the year ended December 31, 2023. The company has the following transactions: Sale of goods for ₦100,000 Purchase of goods for ₦80,000 Payment of salaries for ₦20,000 What is the total amount of expenses for the year?

Answer Options

A. ₦100,000
B. ₦80,000
C. ₦20,000
Correct Answer D. ₦120,000
Correct Answer
D
Correct Option:
₦120,000

About This Question

This is Post Utme Mountain Top University 2024 Accounting Question 8. It is one of the objective questions from the 2024 Post Utme Mountain Top University Accounting examination.

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