Post Utme Osustech 2019 Accounting Question 33

Practice objective / multiple choice question 33 from the 2019 Post Utme Osustech Accounting examination.

Post Utme Osustech 2019 Accounting Objective / Multiple Choice
Question 33 POST_UTME_OSUSTECH • 2019 • ACCOUNTING • objective

A single entry system is used by a small business. The following transactions are recorded: Purchased goods on credit for ₦30,000, sold goods on credit for ₦40,000, and paid cash for office expenses of ₦5,000. What is the total amount of assets recorded in the ledger?

Answer Options

A. +₦35,000
B. +₦40,000
Correct Answer C. +₦45,000
D. +₦50,000
Correct Answer
C
Correct Option:
+₦45,000

About This Question

This is Post Utme Osustech 2019 Accounting Question 33. It is one of the objective questions from the 2019 Post Utme Osustech Accounting examination.

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