Post Utme Unilorin 2019 Accounting Question 30

Practice objective / multiple choice question 30 from the 2019 Post Utme Unilorin Accounting examination.

Post Utme Unilorin 2019 Accounting Objective / Multiple Choice
Question 30 POST_UTME_UNILORIN • 2019 • ACCOUNTING • objective

A company uses the single-entry method to record its transactions. The company's journal entries for the year ended December 31, 2022, are as follows: Debit Cash ₦100,000; Credit Sales Revenue ₦100,000; Debit Accounts Receivable ₦50,000; Credit Sales Revenue ₦50,000. What is the correct total sales revenue for the year?

Answer Options

A. ₦150,000
B. ₦160,000
Correct Answer C. ₦170,000
D. ₦180,000
Correct Answer
C
Correct Option:
₦170,000

About This Question

This is Post Utme Unilorin 2019 Accounting Question 30. It is one of the objective questions from the 2019 Post Utme Unilorin Accounting examination.

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