Post Utme Uniosun 2017 Accounting Question 29

Practice objective / multiple choice question 29 from the 2017 Post Utme Uniosun Accounting examination.

Post Utme Uniosun 2017 Accounting Objective / Multiple Choice
Question 29 POST_UTME_UNIOSUN • 2017 • ACCOUNTING • objective

A company has the following transactions: Purchased a machine for ₦50,000 Sold an old machine for ₦30,000 Depreciation on a machine: ₦10,000 What is the net effect on the company's assets?

Answer Options

A. +₦10,000
Correct Answer B. +₦20,000
C. +₦30,000
D. +₦40,000
Correct Answer
B
Correct Option:
+₦20,000

About This Question

This is Post Utme Uniosun 2017 Accounting Question 29. It is one of the objective questions from the 2017 Post Utme Uniosun Accounting examination.

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