Post Utme Unilag 2018 Accounting Question 21

Practice objective / multiple choice question 21 from the 2018 Post Utme Unilag Accounting examination.

Post Utme Unilag 2018 Accounting Objective / Multiple Choice
Question 21 POST_UTME_UNILAG • 2018 • ACCOUNTING • objective

A company uses the single entry system. The following transactions are recorded in the journal: Sale of goods for ₦120,000 Purchase of goods for ₦80,000 Payment of ₦30,000 to a creditor What is the total value of the assets of the company?

Answer Options

A. ₦150,000
B. ₦180,000
C. ₦200,000
Correct Answer D. ₦220,000
Correct Answer
D
Correct Option:
₦220,000

About This Question

This is Post Utme Unilag 2018 Accounting Question 21. It is one of the objective questions from the 2018 Post Utme Unilag 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