Post Utme Uniosun 2023 Accounting Question 36

Practice objective / multiple choice question 36 from the 2023 Post Utme Uniosun Accounting examination.

Post Utme Uniosun 2023 Accounting Objective / Multiple Choice
Question 36 POST_UTME_UNIOSUN • 2023 • ACCOUNTING • objective

In a manufacturing company, the following transactions were recorded in the journal: Dr. Work-in-Progress ¦ 10,000, Cr. Purchases ¦ 10,000. What is the effect of this transaction on the balance sheet?

Answer Options

Correct Answer A. Increase in Work-in-Progress
B. Decrease in Purchases
C. Increase in Purchases
D. Decrease in Work-in-Progress
Correct Answer
A
Correct Option:
Increase in Work-in-Progress

About This Question

This is Post Utme Uniosun 2023 Accounting Question 36. It is one of the objective questions from the 2023 Post Utme Uniosun Accounting examination.

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