Post Utme Summit University 2017 Accounting Question 30

Practice objective / multiple choice question 30 from the 2017 Post Utme Summit University Accounting examination.

Post Utme Summit University 2017 Accounting Objective / Multiple Choice
Question 30 POST_UTME_SUMMIT_UNIVERSITY • 2017 • ACCOUNTING • objective

A company has the following transactions during the year: 1. Purchased office equipment for ₦50,000. 2. Sold office equipment for ₦30,000. 3. Purchased a new vehicle for ₦200,000. 4. Sold a used vehicle for ₦150,000. 5. Paid rent for the year ₦100,000. Prepare the company's statement of changes in equity for the year.

Answer Options

A. ₦250,000
Correct Answer B. ₦300,000
C. ₦350,000
D. ₦400,000
Correct Answer
B
Correct Option:
₦300,000

About This Question

This is Post Utme Summit University 2017 Accounting Question 30. It is one of the objective questions from the 2017 Post Utme Summit University Accounting examination.

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