Post Utme Uniport 2017 Accounting Question 19

Practice objective / multiple choice question 19 from the 2017 Post Utme Uniport Accounting examination.

Post Utme Uniport 2017 Accounting Objective / Multiple Choice
Question 19 POST_UTME_UNIPORT • 2017 • ACCOUNTING • objective

A company uses the single-entry system of accounting. The company's journal entries for the year are as follows: Debit Purchases ₦100,000, Credit Returns Inwards ₦20,000. Prepare the company's ledger accounts.

Answer Options

A. Purchases | ₦100,000 | Returns Inwards | ₦20,000
B. Purchases | ₦80,000 | Returns Inwards | ₦20,000
Correct Answer C. Purchases | ₦100,000 | Returns Inwards | ₦20,000
D. Purchases | ₦80,000 | Returns Inwards | ₦20,000
Correct Answer
C
Correct Option:
Purchases | ₦100,000 | Returns Inwards | ₦20,000

About This Question

This is Post Utme Uniport 2017 Accounting Question 19. It is one of the objective questions from the 2017 Post Utme Uniport Accounting examination.

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