Post Utme Veritas University 2017 Accounting Question 25

Practice objective / multiple choice question 25 from the 2017 Post Utme Veritas University Accounting examination.

Post Utme Veritas University 2017 Accounting Objective / Multiple Choice
Question 25 POST_UTME_VERITAS_UNIVERSITY • 2017 • ACCOUNTING • objective

A company uses the self-balancing ledger system. The following information is available for the year ended December 31, 2022: Purchases: ₦1,000,000 Sales: ₦1,200,000 What is the value of inventory at December 31, 2022?

Answer Options

Correct Answer A. ₦1,200,000
B. ₦1,000,000
C. ₦800,000
D. ₦600,000
Correct Answer
A
Correct Option:
₦1,200,000

About This Question

This is Post Utme Veritas University 2017 Accounting Question 25. It is one of the objective questions from the 2017 Post Utme Veritas University 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