Post Utme Pan Atlantic University 2019 Accounting Question 5

Practice objective / multiple choice question 5 from the 2019 Post Utme Pan Atlantic University Accounting examination.

Post Utme Pan Atlantic University 2019 Accounting Objective / Multiple Choice
Question 5 POST_UTME_PAN-ATLANTIC_UNIVERSITY • 2019 • ACCOUNTING • objective

A public sector organization has the following transactions: Debit: Salaries ₦ 100,000, Travel Expenses ₦ 50,000, Office Supplies ₦ 20,000 Credit: Revenue ₦ 200,000, Grants ₦ 80,000 What is the net increase in assets?

Answer Options

Correct Answer A. ₦ 0
B. ₦ 10,000
C. ₦ 20,000
D. ₦ 30,000
Correct Answer
A
Correct Option:
₦ 0

About This Question

This is Post Utme Pan Atlantic University 2019 Accounting Question 5. It is one of the objective questions from the 2019 Post Utme Pan Atlantic University Accounting examination.

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