Post Utme Rsu 2017 Accounting Question 36

Practice objective / multiple choice question 36 from the 2017 Post Utme Rsu Accounting examination.

Post Utme Rsu 2017 Accounting Objective / Multiple Choice
Question 36 POST_UTME_RSU • 2017 • ACCOUNTING • objective

In a manufacturing company, the following transactions occurred during the year: Purchased raw materials worth ₦150,000 on credit. Sold goods worth ₦200,000 for cash. Purchased machinery worth ₦100,000 on credit. Sold goods worth ₦150,000 on credit. The company's accounting year-end is December 31st. What is the total amount of the company's assets at the end of the year?

Answer Options

A. ₦350,000
Correct Answer B. ₦450,000
C. ₦550,000
D. ₦650,000
Correct Answer
B
Correct Option:
₦450,000

About This Question

This is Post Utme Rsu 2017 Accounting Question 36. It is one of the objective questions from the 2017 Post Utme Rsu Accounting examination.

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