Post Utme Rhema University 2024 Accounting Question 35

Practice objective / multiple choice question 35 from the 2024 Post Utme Rhema University Accounting examination.

Post Utme Rhema University 2024 Accounting Objective / Multiple Choice
Question 35 POST_UTME_RHEMA_UNIVERSITY • 2024 • ACCOUNTING • objective

A company has the following transactions: Purchase of land for ₦500,000, Purchase of building for ₦300,000, and Sale of equipment for ₦200,000. If the company uses the cash method of accounting, what is the total expense?

Answer Options

Correct Answer A. ₦1,000,000
B. ₦1,050,000
C. ₦1,100,000
D. ₦1,200,000
Correct Answer
A
Correct Option:
₦1,000,000

About This Question

This is Post Utme Rhema University 2024 Accounting Question 35. It is one of the objective questions from the 2024 Post Utme Rhema University Accounting examination.

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