Post Utme Pan Atlantic University 2018 Accounting Question 22

Practice objective / multiple choice question 22 from the 2018 Post Utme Pan Atlantic University Accounting examination.

Post Utme Pan Atlantic University 2018 Accounting Objective / Multiple Choice
Question 22 POST_UTME_PAN-ATLANTIC_UNIVERSITY • 2018 • ACCOUNTING • objective

A company uses the double-entry system of accounting. The following transactions occurred during the month of January: Purchased office supplies for ₦10,000, Sold goods for ₦50,000, and Paid rent of ₦20,000. What is the total amount of assets acquired during the month?

Answer Options

A. ₦30,000
B. ₦40,000
Correct Answer C. ₦50,000
D. ₦60,000
Correct Answer
C
Correct Option:
₦50,000

About This Question

This is Post Utme Pan Atlantic University 2018 Accounting Question 22. It is one of the objective questions from the 2018 Post Utme Pan Atlantic University Accounting examination.

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