Post Utme Uniben 2024 Accounting Question 14

Practice objective / multiple choice question 14 from the 2024 Post Utme Uniben Accounting examination.

Post Utme Uniben 2024 Accounting Objective / Multiple Choice
Question 14 POST_UTME_UNIBEN • 2024 • ACCOUNTING • objective

A company has the following ledger balances: Debit: Office Supplies N10,000, Salaries N50,000, Rent N20,000, Utilities N5,000 Credit: Office Supplies N5,000, Salaries N40,000, Rent N15,000, Utilities N3,000 What is the net expense for the year?

Answer Options

A. N5,000
Correct Answer B. N10,000
C. N15,000
D. N20,000
Correct Answer
B
Correct Option:
N10,000

About This Question

This is Post Utme Uniben 2024 Accounting Question 14. It is one of the objective questions from the 2024 Post Utme Uniben Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support