Post Utme Summit University 2022 Accounting Question 39

Practice objective / multiple choice question 39 from the 2022 Post Utme Summit University Accounting examination.

Post Utme Summit University 2022 Accounting Objective / Multiple Choice
Question 39 POST_UTME_SUMMIT_UNIVERSITY • 2022 • ACCOUNTING • objective

A company has the following transactions: Purchased an asset for ₦1,000,000, Sold goods for ₦500,000, and Paid rent of ₦200,000. What is the total amount of the company's expenses?

Answer Options

A. ₦1,200,000
Correct Answer B. ₦1,500,000
C. ₦1,000,000
D. ₦1,800,000
Correct Answer
B
Correct Option:
₦1,500,000

About This Question

This is Post Utme Summit University 2022 Accounting Question 39. It is one of the objective questions from the 2022 Post Utme Summit University Accounting examination.

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