Post Utme Unn 2020 Accounting Question 34

Practice objective / multiple choice question 34 from the 2020 Post Utme Unn Accounting examination.

Post Utme Unn 2020 Accounting Objective / Multiple Choice
Question 34 POST_UTME_UNN • 2020 • ACCOUNTING • objective

A company uses the single entry system of accounting. The following transactions occurred during the year: Deposits: ₦50,000; ₦20,000; ₦30,000 Withdrawals: ₦15,000; ₦25,000 Sales: ₦80,000; ₦40,000 Cost of Goods Sold: ₦60,000; ₦30,000 Determine the total assets of the company at the end of the year.

Answer Options

A. ₦150,000
B. ₦180,000
Correct Answer C. ₦200,000
D. ₦220,000
Correct Answer
C
Correct Option:
₦200,000

About This Question

This is Post Utme Unn 2020 Accounting Question 34. It is one of the objective questions from the 2020 Post Utme Unn Accounting examination.

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