Post Utme Uniport 2018 Commerce Question 15

Practice objective / multiple choice question 15 from the 2018 Post Utme Uniport Commerce examination.

Post Utme Uniport 2018 Commerce Objective / Multiple Choice

Question 15 POST_UTME_UNIPORT • 2018 • COMMERCE • objective

A company's inventory is valued at ₦1,000,000. What is the accounting treatment for this?

Answer Options

Correct Answer A. Debit the Inventory Account

B. Credit the Inventory Account

C. Debit the Cost of Goods Sold Account

D. Credit the Cost of Goods Sold Account

Correct Answer

Correct Option:

Debit the Inventory Account

About This Question

This is Post Utme Uniport 2018 Commerce Question 15. It is one of the objective questions from the 2018 Post Utme Uniport Commerce examination.

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