Post Utme Unilorin 2025 Accounting Question 25

Practice objective / multiple choice question 25 from the 2025 Post Utme Unilorin Accounting examination.

Post Utme Unilorin 2025 Accounting Objective / Multiple Choice
Question 25 POST_UTME_UNILORIN • 2025 • ACCOUNTING • objective

A company has the following transactions: 1. Purchase of office equipment for ₦120,000. 2. Sale of goods for ₦150,000. 3. Payment of salaries to employees for ₦80,000. 4. Purchase of raw materials for ₦90,000. 5. Sale of goods for ₦200,000. 6. Payment of rent for ₦50,000. 7. Purchase of office supplies for ₦10,000. 8. Sale of goods for ₦250,000. 9. Payment of electricity bill for ₦20,000. 10. Purchase of raw materials for ₦100,000. What is the total amount of liabilities recorded in the journal?

Answer Options

A. ₦220,000
Correct Answer B. ₦320,000
C. ₦420,000
D. ₦520,000
Correct Answer
B
Correct Option:
₦320,000

About This Question

This is Post Utme Unilorin 2025 Accounting Question 25. It is one of the objective questions from the 2025 Post Utme Unilorin Accounting examination.

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