Post Utme Uniport 2020 Accounting Question 6
Practice objective / multiple choice question 6 from the 2020 Post Utme Uniport Accounting examination.
A company uses the double-entry system of accounting. The following transactions occurred during the month of January: (1) Purchased office supplies for ₦10,000 cash. (2) Sold goods for ₦50,000 on credit. (3) Purchased a machine for ₦80,000 on credit. (4) Paid salaries of ₦20,000. What is the total amount of assets on the balance sheet at the end of January?
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About This Question
This is Post Utme Uniport 2020 Accounting Question 6. It is one of the objective questions from the 2020 Post Utme Uniport Accounting examination.
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