Post Utme Redeemers University 2025 Accounting Question 6

Practice objective / multiple choice question 6 from the 2025 Post Utme Redeemers University Accounting examination.

Post Utme Redeemers University 2025 Accounting Objective / Multiple Choice
Question 6 POST_UTME_REDEEMERS_UNIVERSITY • 2025 • ACCOUNTING • objective

A company uses the double-entry system of accounting. The following transactions were recorded during the month of January: Purchased office supplies for ₦10,000 cash. Sold goods for ₦50,000 on credit. Purchased a machine for ₦80,000 on credit. What is the total amount of assets recorded in the ledger at the end of January?

Answer Options

A. ₦90,000
Correct Answer B. ₦100,000
C. ₦110,000
D. ₦120,000
Correct Answer
B
Correct Option:
₦100,000

About This Question

This is Post Utme Redeemers University 2025 Accounting Question 6. It is one of the objective questions from the 2025 Post Utme Redeemers University Accounting examination.

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