Post Utme Veritas University 2017 Accounting Question 30

Practice objective / multiple choice question 30 from the 2017 Post Utme Veritas University Accounting examination.

Post Utme Veritas University 2017 Accounting Objective / Multiple Choice
Question 30 POST_UTME_VERITAS_UNIVERSITY • 2017 • ACCOUNTING • objective

A company uses the double-entry system of accounting. The company has the following transactions: Debit: ₦100,000 Credit: ₦120,000 What is the net result of the transactions?

Answer Options

A. ₦20,000
Correct Answer B. ₦40,000
C. ₦60,000
D. ₦80,000
Correct Answer
B
Correct Option:
₦40,000

About This Question

This is Post Utme Veritas University 2017 Accounting Question 30. It is one of the objective questions from the 2017 Post Utme Veritas University Accounting examination.

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