Post Utme Veritas University 2025 Accounting Question 15

Practice objective / multiple choice question 15 from the 2025 Post Utme Veritas University Accounting examination.

Post Utme Veritas University 2025 Accounting Objective / Multiple Choice
Question 15 POST_UTME_VERITAS_UNIVERSITY • 2025 • ACCOUNTING • objective

A company has the following transactions for the month of January: | Date | Description | Debit | Credit | | --- | --- | --- | --- | | 1 Jan | Purchase of Equipment | ₦50,000 | | | 5 Jan | Sale of Goods | | ₦100,000 | | 10 Jan | Purchase of Inventory | ₦30,000 | | | 15 Jan | Sale of Goods | | ₦80,000 | What is the total amount of assets for the month of January?

Answer Options

A. ₦80,000
B. ₦90,000
Correct Answer C. ₦100,000
D. ₦110,000
Correct Answer
C
Correct Option:
₦100,000

About This Question

This is Post Utme Veritas University 2025 Accounting Question 15. It is one of the objective questions from the 2025 Post Utme Veritas University Accounting examination.

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