Post Utme Ui 2017 Accounting Question 39
Practice objective / multiple choice question 39 from the 2017 Post Utme Ui Accounting examination.
A company uses the perpetual inventory system. On January 1, the inventory balance is ₦50,000. During the month, the company purchases ₦30,000 of merchandise and sells ₦20,000 of merchandise. On February 1, the company purchases ₦40,000 of merchandise. What is the inventory balance on February 1?
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About This Question
This is Post Utme Ui 2017 Accounting Question 39. It is one of the objective questions from the 2017 Post Utme Ui Accounting examination.
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