Post Utme Nile University 2021 Accounting Question 16

Practice objective / multiple choice question 16 from the 2021 Post Utme Nile University Accounting examination.

Post Utme Nile University 2021 Accounting Objective / Multiple Choice
Question 16 POST_UTME_NILE_UNIVERSITY • 2021 • ACCOUNTING • objective

Determine the amount of cash that should be debited to the 'Cash' account when a company purchases a new machine for ₦120,000, paying ₦80,000 in cash and the balance by a 3-year loan.

Answer Options

A. ₦40,000
Correct Answer B. ₦60,000
C. ₦80,000
D. ₦100,000
Correct Answer
B
Correct Option:
₦60,000

About This Question

This is Post Utme Nile University 2021 Accounting Question 16. It is one of the objective questions from the 2021 Post Utme Nile University Accounting examination.

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