Post Utme Rhema University 2023 Accounting Question 30

Practice objective / multiple choice question 30 from the 2023 Post Utme Rhema University Accounting examination.

Post Utme Rhema University 2023 Accounting Objective / Multiple Choice
Question 30 POST_UTME_RHEMA_UNIVERSITY • 2023 • ACCOUNTING • objective

A company has the following transactions: Purchased a machine for ₦150,000, sold a machine for ₦80,000, and purchased a building for ₦300,000. Calculate the net change in assets.

Answer Options

A. ₦70,000
Correct Answer B. ₦80,000
C. ₦90,000
D. ₦100,000
Correct Answer
B
Correct Option:
₦80,000

About This Question

This is Post Utme Rhema University 2023 Accounting Question 30. It is one of the objective questions from the 2023 Post Utme Rhema University Accounting examination.

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