Post Utme Unn 2024 Accounting Question 35

Practice objective / multiple choice question 35 from the 2024 Post Utme Unn Accounting examination.

Post Utme Unn 2024 Accounting Objective / Multiple Choice
Question 35 POST_UTME_UNN • 2024 • ACCOUNTING • objective

A company has the following transactions: Purchased goods for ₦50,000 on credit. Sold goods for ₦60,000 on credit. Paid cash of ₦10,000 for rent. Prepare a cash book and a sales ledger account. The company also issued 5,000, 10% preference shares of ₦50 each at a premium of 10%.

Answer Options

A. ₦50,000
Correct Answer B. ₦60,000
C. ₦70,000
D. ₦80,000
Correct Answer
B
Correct Option:
₦60,000

About This Question

This is Post Utme Unn 2024 Accounting Question 35. It is one of the objective questions from the 2024 Post Utme Unn Accounting examination.

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