Post Utme Skyline University 2022 Accounting Question 2

Practice objective / multiple choice question 2 from the 2022 Post Utme Skyline University Accounting examination.

Post Utme Skyline University 2022 Accounting Objective / Multiple Choice

Question 2 POST_UTME_SKYLINE_UNIVERSITY • 2022 • ACCOUNTING • objective

A company purchased a machine for ₦120,000 and sold it for ₦180,000. Calculate the gain or loss on the sale of the machine.

Answer Options

Correct Answer A. ₦60,000

B. ₦80,000

C. ₦60,000 loss

D. ₦80,000 loss

Correct Answer

Correct Option:

₦60,000

About This Question

This is Post Utme Skyline University 2022 Accounting Question 2. It is one of the objective questions from the 2022 Post Utme Skyline University Accounting examination.

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