Post Utme Ui 2017 Accounting Question 4

Practice objective / multiple choice question 4 from the 2017 Post Utme Ui Accounting examination.

Post Utme Ui 2017 Accounting Objective / Multiple Choice

Question 4 POST_UTME_UI • 2017 • ACCOUNTING • objective

A company has the following transactions: Purchased raw materials on credit ₥0,000; Sold goods for ₦0,000 cash; and Purchased machinery for ₣0,000 cash. Prepare the ledger accounts for the above transactions.

A. Raw Materials ₥0,000, Purchases ₥0,000, Sales ₦0,000, Cash ₦0,000, Machinery ₣0,000, Cash ₣0,000

B. Raw Materials ₥0,000, Purchases ₥0,000, Sales ₦0,000, Cash ₦0,000, Machinery ₣0,000, Cash ₣0,000

C. Raw Materials ₥0,000, Purchases ₥0,000, Sales ₦0,000, Cash ₦0,000, Machinery ₣0,000, Cash ₣0,000

Correct Answer D. Raw Materials ₥0,000, Purchases ₥0,000, Sales ₦0,000, Cash ₦0,000, Machinery ₣0,000, Cash ₣0,000

Correct Answer

Correct Option:

Raw Materials ₥0,000, Purchases ₥0,000, Sales ₦0,000, Cash ₦0,000, Machinery ₣0,000, Cash ₣0,000

This is Post Utme Ui 2017 Accounting Question 4. It is one of the objective questions from the 2017 Post Utme Ui Accounting examination.

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