Post Utme Ui 2021 Accounting Question 10

Practice objective / multiple choice question 10 from the 2021 Post Utme Ui Accounting examination.

Post Utme Ui 2021 Accounting Objective / Multiple Choice
Question 10 POST_UTME_UI • 2021 • ACCOUNTING • objective

A company uses the double-entry system of accounting. The following transactions were recorded during the month of January: Purchased office supplies for ₦10,000 cash. Sold goods for ₦50,000 on credit. Paid salaries of ₦20,000 by cheque. What is the total amount of assets recorded in the ledger?

Answer Options

Correct Answer A. ₦30,000
B. ₦40,000
C. ₦50,000
D. ₦60,000
Correct Answer
A
Correct Option:
₦30,000

About This Question

This is Post Utme Ui 2021 Accounting Question 10. It is one of the objective questions from the 2021 Post Utme Ui Accounting examination.

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