Post Utme Redeemers University 2020 Accounting Question 20

Practice objective / multiple choice question 20 from the 2020 Post Utme Redeemers University Accounting examination.

Post Utme Redeemers University 2020 Accounting Objective / Multiple Choice
Question 20 POST_UTME_REDEEMERS_UNIVERSITY • 2020 • ACCOUNTING • objective

A company has the following transactions: Purchased office equipment for ₦120,000; sold office equipment for ₦80,000; purchased office equipment for ₦150,000. What is the net increase in office equipment?

Answer Options

A. ₦30,000
B. ₦50,000
Correct Answer C. ₦70,000
D. ₦90,000
Correct Answer
C
Correct Option:
₦70,000

About This Question

This is Post Utme Redeemers University 2020 Accounting Question 20. It is one of the objective questions from the 2020 Post Utme Redeemers University Accounting examination.

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