Post Utme Unn 2024 Accounting Question 19

Practice objective / multiple choice question 19 from the 2024 Post Utme Unn Accounting examination.

Post Utme Unn 2024 Accounting Objective / Multiple Choice
Question 19 POST_UTME_UNN • 2024 • ACCOUNTING • objective

A company uses the double entry system. The following transactions are recorded in the journal: 1. Purchased office equipment for ₦ 120,000. 2. Sold goods for ₦ 150,000. 3. Purchased raw materials for ₦ 80,000. 4. Paid salaries of ₦ 30,000. What is the total amount of assets recorded in the ledger?

Answer Options

A. ₦ 230,000
B. ₦ 270,000
Correct Answer C. ₦ 300,000
D. ₦ 330,000
Correct Answer
C
Correct Option:
₦ 300,000

About This Question

This is Post Utme Unn 2024 Accounting Question 19. It is one of the objective questions from the 2024 Post Utme Unn Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support