Post Utme Pan Atlantic University 2021 Accounting Question 32

Practice objective / multiple choice question 32 from the 2021 Post Utme Pan Atlantic University Accounting examination.

Post Utme Pan Atlantic University 2021 Accounting Objective / Multiple Choice
Question 32 POST_UTME_PAN-ATLANTIC_UNIVERSITY • 2021 • ACCOUNTING • objective

A company has the following transactions: Purchased office equipment for ₦120,000; sold office equipment for ₦80,000; purchased office equipment for ₦100,000. Prepare the ledger accounts for the above transactions.

Answer Options

A. Office Equipment: ₦220,000, Cash: ₦220,000
Correct Answer B. Office Equipment: ₦220,000, Cash: ₦180,000
C. Office Equipment: ₦220,000, Cash: ₦120,000
D. Office Equipment: ₦220,000, Cash: ₦100,000
Correct Answer
B
Correct Option:
Office Equipment: ₦220,000, Cash: ₦180,000

About This Question

This is Post Utme Pan Atlantic University 2021 Accounting Question 32. It is one of the objective questions from the 2021 Post Utme Pan Atlantic University Accounting examination.

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