Post Utme Osustech 2017 Accounting Question 8

Practice objective / multiple choice question 8 from the 2017 Post Utme Osustech Accounting examination.

Post Utme Osustech 2017 Accounting Objective / Multiple Choice
Question 8 POST_UTME_OSUSTECH • 2017 • ACCOUNTING • objective

A company has the following transactions for the year ended December 31, 2022: Purchased office equipment for ₦50,000; Sold office equipment for ₦30,000. Calculate the gain or loss on the sale of office equipment.

Answer Options

A. ₦20,000
Correct Answer B. ₦30,000
C. ₦40,000
D. ₦50,000
Correct Answer
B
Correct Option:
₦30,000

About This Question

This is Post Utme Osustech 2017 Accounting Question 8. It is one of the objective questions from the 2017 Post Utme Osustech Accounting examination.

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