Post Utme Uniosun 2023 Accounting Question 4

Practice objective / multiple choice question 4 from the 2023 Post Utme Uniosun Accounting examination.

Post Utme Uniosun 2023 Accounting Objective / Multiple Choice
Question 4 POST_UTME_UNIOSUN • 2023 • ACCOUNTING • objective

A company uses the single entry system of accounting. The following transactions are recorded: Purchased goods for ₦50,000, sold goods for ₦70,000, and purchased equipment for ₦30,000. What is the total amount of assets at the end of the year?

Answer Options

A. ₦130,000
B. ₦140,000
Correct Answer C. ₦150,000
D. ₦160,000
Correct Answer
C
Correct Option:
₦150,000

About This Question

This is Post Utme Uniosun 2023 Accounting Question 4. It is one of the objective questions from the 2023 Post Utme Uniosun Accounting examination.

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